Market Internals 2012-04-08

By Lawrence

Both Tick16 ST and 3-Day Advance Issues are pushed down to slightly negative levels.

If they continue to slide a bit more both will enter oversold territory.

Since Tick16 LT is in solid positive (bullish) zone, this will soon produce a tradable bottom.

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Comments
  • Lawrence Chan April 11, 2012 at 9:10 am

    Looks like the tradable bottom is in place.

    Forgot to post here as I mentioned that in real-time chat in the afternoon before mkt close yesterday. =P

  • Lawrence Chan April 15, 2012 at 11:25 am

    Subtle weaknesses happened to the TICK16 LT breadth reading.

    The tradable bottom was just good up swing.

    The same old problem in Europe is affecting the equity markets in a way very similar to 2010 and 2011 all over again.

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