Saturday, November 05, 2005 5:30:10 PM
Charts
Notice the BB width on the Comp weekly? It's gonna push one of those bands. I think we're going to the top band, the question is does the resistance of the rising tops hold again and reverse the trend?
Ndx/Indu. After a period of consolidation the ratio is pushing the upper band and moving towards a new range. The significance of this ratio is that it measures investors appetite for risk.
Bigger picture shows Ndx/Indu at new recovery high.
Notice the BB width on the Comp weekly? It's gonna push one of those bands. I think we're going to the top band, the question is does the resistance of the rising tops hold again and reverse the trend?
Ndx/Indu. After a period of consolidation the ratio is pushing the upper band and moving towards a new range. The significance of this ratio is that it measures investors appetite for risk.
Bigger picture shows Ndx/Indu at new recovery high.
Gizmo...
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