[Update:] Another piece of evidence: $NYMO is deeply oversold too. A change in momentum as shown by TrendXplorer will be the signal of a bounce or reversal.
20 May 2012
Stocks about to hit bottom?
Looking at the Call/Put ratio and NYSE breath, stocks may hit bottom in the next couple of days. Fear has taken over from complacency and has already entered extreme territory.
[Update:] Another piece of evidence: $NYMO is deeply oversold too. A change in momentum as shown by TrendXplorer will be the signal of a bounce or reversal.
BTW, don't miss the newly decorated Chartroom with 4 indicators that measure market internals.
[Update:] Another piece of evidence: $NYMO is deeply oversold too. A change in momentum as shown by TrendXplorer will be the signal of a bounce or reversal.