We have discussed this in the members section. We also posted an article in the Spike Newsletter about a similar issue several weeks ago.
We gauge 20 day and 65 day NH_NL and a feeder pool, that will feed the 52 week NH_NL. That pool has been growing and if the next pull back ever occurs and the new rally resumes... we will see NH_NL expand. If the next rally is for real and a new bull market has been born, we will see a surge of 52 week NH_NL.
Stocks must make 20 day highs, then quarterly highs, then yearly highs.
We also posted a Monthly NH_NL chart just a few nights ago in reference to the bottoming action we have seen and how this data reflects where we may be in this cycle.
Since we are still within 12 months of the largest market crash in decades, it's no surprise that the NH-NL is zero in all markets.
ReplyDeleteIt seems to me a more accurate gauge of recovery to look at NL-NL not over 12 months, but since the first major market bottom on 11/20/08.
FWIW, Jock
Jock,
ReplyDeleteI agree 100%
We have discussed this in the members section. We also posted an article in the Spike Newsletter about a similar issue several weeks ago.
We gauge 20 day and 65 day NH_NL and a feeder pool, that will feed the 52 week NH_NL. That pool has been growing and if the next pull back ever occurs and the new rally resumes... we will see NH_NL expand. If the next rally is for real and a new bull market has been born, we will see a surge of 52 week NH_NL.
Stocks must make 20 day highs, then quarterly highs, then yearly highs.
We also posted a Monthly NH_NL chart just a few nights ago in reference to the bottoming action we have seen and how this data reflects where we may be in this cycle.