Thinking out loud this weekend... this Friday was almost the mirror image of last Friday trading when we had that sweeping SSB downgrade of the entire semiconductor sector (lol) which closed the market on a very sour note, down almost to the last tick of the day thus sending da bears happy and da bulls back to their pen...this week it's da bulls who are happy and da bears the unhappy campers....what a market :)
I want to show two charts of the NYSE and Naz New Highs-New-Lows and neither show extreme climactic action...
stockcharts.com[w,a]waclyyay[pd20,2!d20,2][vc60][iUah12,26,9!Lp14,3,3]&pref=G
stockcharts.com[w,a]waclyyay[pd20,2!d20,2][vc60][iUah12,26,9!Lp14,3,3]&pref=G
In fact one can argue they are just breaking out to the upside. The data is for four years, mainly in bear market territory, from stockcharts. If anyone has longer term charts that go back to say 1980, I would sure appreciate having them posted here....
A nice weekend to all,
Mo |
