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S&P 500
5,297.10
(
-0.21%
)
US TECH 100
18,078.00
(
-0.21%
)
Dow Jones
39,869.38
(
-0.10%
)
Brent Oil
83.15
(
-0.07%
)
Bitcoin
65,317.68
(
0.12%
)
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PriceTeam

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Alias Born 05/01/2009

PriceTeam

Re: PriceTeam post# 118

Wednesday, 05/06/2009 5:22:01 PM

Wednesday, May 06, 2009 5:22:01 PM

Post# of 185
MrNat. and All: The reason for the extreme reading on this indicator (and a few others such as the ChiOsc) is that it includes volume in the calculation. If you look at the volume levels at the bottom of the chart, they are completely out of proportion with historical readings.

I have seen one study that shows extreme volume readings are associated with long-term market tops. We will have to see what happens in this case.

Ted

Strip price to the barest data that tells us BUY, HOLD, or SELL.

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