I just completed Historical Analysis of how relevant the percentage of stocks above their 10d-sma is . . . ....
I have completed my initial analysis of this concept. I just made some basic charts of the Major Indices plotted versus the raw percentage of NYSE/NASDAQ stocks above their 10d-sma
It sure does look promising. I will be developing a "signal" based on this that can be used as a major reversal indicator and have the characteristics of trendlines and divergences, etc, of widely used indicators.
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