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Strategies & Market Trends : Classic TA Workplace
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To: Jorj X Mckie who wrote (74419)5/22/2003 11:30:42 PM
From: bcrafty  Read Replies (1) of 209892
 
That's why many of us (I thought) stopped following the daily P/C and instead started looking at, for instance, the 10 dma or the 21 dma of the same as a more reliable indicator.

Both the 10 dma and 21 dma indicate that sooner or later the rally might have some more to go until that reading reaches the low .60s, which marked the most recent tops, and that is so whether one is watching total P/C or equity only P/C.

stockcharts.com[h,a]daclyyay[de][pb10][vc60][iLp14,3,3!La12,26,9]&pref=G

vtoreport.com
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