Wednesday, September 16, 2009
Never Have So Many Stocks Been So Stretched Above Their 200ma
http://quantifiableedges.blogspot.co...s-been-so.html
"the number of stocks 1 and 2 standard deviations above their 200-day moving averages"
"In no case did the extreme spike mark the end to the bull market that created it."
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a remarkable 57.19% of stocks are now stretched far above their 40-ma’s.
There simply is no comparison over the last 23 years to what we are seeing in this recent rally.
http://quantifiableedges.blogspot.co...t-compare.html