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blasher

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Alias Born 02/16/2004

blasher

Re: None

Wednesday, 01/19/2005 11:07:28 PM

Wednesday, January 19, 2005 11:07:28 PM

Post# of 7711
a new indicator is being developed !!

I just completed Historical Analysis of how relevant the percentage of stocks above their 10d-sma is . . . ....

I have completed my initial analysis of this concept. I just made some basic charts of the Major Indices plotted versus the raw percentage of NYSE/NASDAQ stocks above their 10d-sma

It sure does look promising.
I will be developing a "signal" based on this that can be used as a major reversal indicator and have the characteristics of trendlines and divergences, etc, of widely used indicators.

The resulting charts are here:

http://www.blashing.com/_misc_/tendaysma.php

.

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