see (1) :
New Highs 20days cleary signal that the bull are back in charge of the tape
see (2):
Buying Pressure same as (1)
see (3):
the cummulative 10day lines of (1) & (2) have turned bullish again
see (4):
Momentum (MOMO as deviation of the price from the 50 day Mov. Avg.) still points to the bearish side
Summary:
The Bulls have recaptured the tape with a venegance and are in control. The extreme one way nature hints at some potential exhaustion, meaning at Feb 5 the market turned and just went up and never looked back which doesn't have the "climb a wall of worry" kind of feel a healthy move normally has.
nice analysis!!
ReplyDeleteThank you.
...(I'd be pleased if you exchange reciprocal link with me.)