Posted by timebandit on 23rd of Jan 2022 at 12:05 pm
Wow, NAAD closed the day Friday at -3099. The first snapshot is
a 15-minute chart, which is what I normally watch. I wanted to see
just how extreme a low that was, so I changed to a 4 hour chart and
went back 10 years. As you can see, it's pretty extreme.
Thanks - only issue with the NAAD number shown below is
that there are currently more Nasdaq stocks listed today than those
previous dates. That in no way negates just how vicious this
selloff has been.
Posted by timebandit on 23rd of Jan 2022 at 12:35 pm
Yeah, makes sense. I saw somewhere that the declining percentage
was 82%, the highest in awhile. (I think they said since March
2020, but don't quote me.) Anyway, with the more Nasdaq stocks the
difference then becomes bigger, as you say.
I wonder if that percentage and the high volume could represent
capitulation. At least enough for a good bear rally for a day or
two (or three).
Wow, NAAD closed the day
Posted by timebandit on 23rd of Jan 2022 at 12:05 pm
Wow, NAAD closed the day Friday at -3099. The first snapshot is a 15-minute chart, which is what I normally watch. I wanted to see just how extreme a low that was, so I changed to a 4 hour chart and went back 10 years. As you can see, it's pretty extreme.
Thanks - only issue with
Posted by steve on 23rd of Jan 2022 at 12:16 pm
Thanks - only issue with the NAAD number shown below is that there are currently more Nasdaq stocks listed today than those previous dates. That in no way negates just how vicious this selloff has been.
Yeah, makes sense. I saw
Posted by timebandit on 23rd of Jan 2022 at 12:35 pm
Yeah, makes sense. I saw somewhere that the declining percentage was 82%, the highest in awhile. (I think they said since March 2020, but don't quote me.) Anyway, with the more Nasdaq stocks the difference then becomes bigger, as you say.
I wonder if that percentage and the high volume could represent capitulation. At least enough for a good bear rally for a day or two (or three).
Yes it could but we
Posted by steve on 23rd of Jan 2022 at 01:06 pm
Yes it could but we will find out next week (remember FOMC as well next week along with several big names reporting)
note we only have 3
Posted by matt on 23rd of Jan 2022 at 12:58 pm
note we only have 3 waves down, so could use a 4 and a 5 to complete as well