Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Thursday, November 17, 2011
NYAD NYSE Advance-Decline Line Daily Chart
Market sell off yesterday resulted in a negative 1589 reading. This represents more orderly selling occurring. Once a spike down towards negative 2500 occurs, this level is consistent wit a wash-out, then markets should be ready to bounce back upwards and recover. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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