[ The Financial Ninja ]
[ Economics . Investing . Trading . Technical Analysis ]
Monday, July 20, 2009
Big Gap: Advancing Issues and Up Volume
FN:
Big gaps between advacning issues (blue line) and up volume (red line) resulted in big drops in equities (grey area).
We now have a pretty big gap.
Throw in all sorts of overbought indicators, and the odds of a big correction appear to be pretty large.
Big Gap: Advancing Issues and Up Volume
FN:
Big gaps between advacning issues (blue line) and up volume (red line) resulted in big drops in equities (grey area).
We now have a pretty big gap.
Throw in all sorts of overbought indicators, and the odds of a big correction appear to be pretty large.
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