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A pullback has started

2
Markets had couple of big high breadth sale days and as a result breadth has deteriorated.


As you can see we had 2081, 924 and 1073 down days. As a result the breadth has started to go down. T2108 is now at 40 with majority of stocks now below 40 day moving average. 
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2 comments:

Unknown said...

What is T2108?

Pradeep Bonde said...

T2108 is Worden indicator in tc200. It tracks % of stocks NYSE above 40 day moving average.