You may want to ponder this chart about what such a low NAMO
reading is likely to represent over time. I will be watching
for DIVERGENCE to form as a better indication of a SUSTAINABLE
rally.
This chart was forwarded to me but it makes a valid point.
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NAMO - One Chart to Analyze
Amazing newsletter last night, Steve
Posted by steve on 30th of Oct 2009 at 09:22 am
You may want to ponder this chart about what such a low NAMO reading is likely to represent over time. I will be watching for DIVERGENCE to form as a better indication of a SUSTAINABLE rally.
This chart was forwarded to me but it makes a valid point.