5/15/2012

Breadth continues to deteriorate

The breadth trends continue to point down. The intraday bounce attempts have not had much success.



The T2108 readings are currently around 28.92, readings below 20 tend to create good washout. Rallies that start from those zones tend to be powerful. 

2 comments:

shivanGupta said...

sir what is 40 day PMA.........I know only about EMA and DMA.

Pradeep Bonde said...

pma= price moving average which is another name for sma