Tuesday, June 1, 2010

Stocktiming Indicator



This tool won't solve all your timing needs, but it is very useful in confirming a "market weakening condition" that has a strong downside bias.

All you need to create this chart is the daily data feed for the NYSE New Highs, and then create an exponential moving average of 3.

Look for the supports ... draw your support lines ...and then watch for them to be broken to the downside.

Especially important is if the indicator was in positive territory and after breaking support, it falls into negative territory. * Negative territory is established by drawing a horizontal line at the 180 level.

http://www.stocktiming.com

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