Technician
Short

Internal Strength Diverging After Excessive Bullish Sentiment

INDEX:DITH   DOW Indu Stocks Above 200-Day Average
421 2 7
Swings from excessive bullish and bearish sentiment have been a good contrarian market indicator for the past 6 years. Every time the indexes of stocks above or below 200-days Average reached an extreme of 90-100 percent a correction in DOW industrial was close.

Instances where the index started falling, diverging away from the DOW index ( indicating internal strength is weakening) were bearish signals, as at least a hefty correction followed.
My live trades here https://telegram.me/technician_forex_trades
ccheung
3 years ago
Thank you for the chart! I am new to this. It is extremely helpful.
Reply
Also noticed end last week, true of all indices I checked. Today trading the tops off the DJIA .... and it was a $3.5b POMO day, so a bit on floppy side ;)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out