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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (16031)4/10/1998 5:03:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 94695
 
has anyone used or backtested this kind of indicator:

To: +Chris (7540 )
From: +Claud B
Wednesday, Apr 8 1998 5:55PM ET
Reply # of 7556

Chris,

There's an interesting indicator some people use:
If the new lows list equals 1% of the total issues traded,
that has been a sign in the past that a top is in for the
time being.

Yesterday new lows equalled 1% of total issues traded on the NYSE.

Claud


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