Replies to post #3506 on QID - QLD TRENDS (fka )

[ReturntoSender]

NYSE and NASDAQ Percent of Stocks above the 50 and 200 Day SMA's:

When only 10% of stocks are above the 50 day and 200 day sma as measured by the record percentage then we can be reasonably assured of a long term bottom. Using the 10 day sma alone would probably work well for a short term bottom but in my humble opinion nothing more.