What is the purpose of the second to last column, "T2108" and how is it calculated. Thanks!
% of stocks above 40 day moving average. Readings below 20 lead to botoms
From the market monitor how do we know if the approaching correction is a major correction (say 10% or more) or a minor one (less than 10%)? Btw thanks a lot for sharing you knowledge through this blog. I have learned a lot and elevated my trading skills to the next level.
If you see major breadth deterioration and series of 700 plus days on 4% plus down then it is likely to develop in to larger correction.
Can you explain what the "5 Day ratio" and the "10 Day ratio" calculates?
It is ratio of 5 days of 4% b/o /5 days 4% b/d same for 10 days using 10 day data.
From where do you gather the data to calculate these? ie, no of stocks below 4% in a week etc. Thanks,
From Teechart data base.
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