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  • Percentages of Stocks Above 50-Day Moving Averages [View article]
    some of you guys out there are completely missing the point...

    when you see stocks being pumped up above 50 day m.a., these are "pros" and not "schmoes" doing the buying... there's no denying this is a bear market, but i guarantee you that market bulls will be invested before and not after the bear market ends... there will be no press release calling for an end to the bear market...

    the fact that a higher % of stocks are trading above 50 day m.a. indicates improving strength (as the curve of m.a. is downward)... the bear market is for real and it will continue to inflict collateral damage, but some of these companies represent buying opportunties for institutions who would otherwise create huge volume surges & spikes to get their orders filled under normal market conditions...

    some of these sectors are approaching overbought areas and due for a pullback, but have also formed double & triple bottoms in terms of % of stocks trading above 50 day m.a.
    Aug 31 19:29 pm |Rating: 0 0
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