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).
Yeah, makes sense. I saw
Wow, NAAD closed the day Friday at -3099. The first ...
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