(Ed.note: Data compliments of Yahoo Finance:)
Advances & Declines
NYSE NASDAQ
Advances 1,302 (39%) 1,393 (43%)
Declines 2,023 (60%) 1,731 (54%)
Unchanged 44 (1%) 90 (3%)
Up Vol* 2,738 (123%) 1,117 (33%)
Down Vol* 3,749 (168%) 2,208 (65%)
Unch. Vol* 42 (2%) 53 (2%)
New Hi's 12 36
New Lo's 1,080 395
*in millionsmore...
Young students of the market will note all three graphs sharply down. These three graphs are plotted on a weekly cumulative basis in Barrons's magazine sold at the Citgo at 51 and 14 in Janesville every Saturday.
In some trading circles, when, and only when, all three of these charts are positive on a cumulative basis, has the market recovered. However, from my observation, most folks cannot wait that long. Kind of a "are we there yet" thang.
Is this a real valid rule of trading? I do not know. What a good rule is---is beyond me.
Stay tuned. The mysteries and the news. The stock market is in the mystery segment.
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