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Also attached is a gif of my own A\D Line. Higher highs and higher low.
There was an article in the last TASC about Dec. 15th through Jan 7th seasonality,
with an upward bias.
While the big caps have pulled the averages way down, the market as a whole is not that bad. In October 1998, only 14% of stocks were above their 200dMA. It is now 53%.For the past year+ the high on that statistic is about 60%. Two views:
the market of smaller caps is poised to rally; the market as a whole could fall much further than it has so far.
RayF
OT: James, maybe Argentina could sell the Boca Juniors to a dot com billionaire.
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Attachment:
Description: "Sentiment12-19.ZIP"
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