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This indicator yesterday was one of the things that told me more downside was coming, it should update in about an hr or so, will be interested to see how it closed today
percentage of stocks in the SPX above their 50 MA
Matt -
WOW - almost 40% move down today. It's still above 20% STO so no near term bottom yet.
Chris
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This indicator yesterday was one
Posted by matt on 17th of Sep 2008 at 05:04 pm
This indicator yesterday was one of the things that told me more downside was coming, it should update in about an hr or so, will be interested to see how it closed today
percentage of stocks in the SPX above their 50 MA
Matt - WOW - almost 40%
Posted by cspirit on 17th of Sep 2008 at 07:19 pm
Matt -
WOW - almost 40% move down today. It's still above 20% STO so no near term bottom yet.
Chris