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Be Cautious If The High-/Low Index Weekly Turns Bearish!
The High-Low Index is a breadth indicator based on new highs and new lows made on Nyse. New high refers to the number of stocks reaching a new 52-week high. New low refers to the number of stocks reaching a new 52-week low. The index is calculated by dividing the number of new highs by the number of new highs plus new lows. This ratio shows new highs relative to the total (new highs plus new lows). The High-Low Index is a measure of underlying strength or weakness of the S&P 500. or market. Divergences between the market and volume should be monitored closely as a trend reversal could be ahead!
Below you will find one example of one of the finest market breadth indicators published by WallStreetCourier.com!
Bullish: New highs above new lows
Bearish: New highs below new lows
Watch out for divergences between the market and advancing issues
Why The Crowd Has To Lose All The Time!
The markets are an ever and everything discounting mechanism and the product of the behavior of all their participants and, of course, not everybody can win. In order for every market to function, the majority of the participants have to lose. This majority is usually the uninformed and ignorant crowd, who rather relies on hot tips or even sheer luck like a gambler, instead of doing some homework and spending an extra buck for valuable and useful information.
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