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Dr_Roboto

NASDAQ price compare to NASDAQ stocks above 200 day average

Nasdaq 100 Stocks Above 200-Day Average (INDEX:NDTH)  
Dr_Roboto  
INDEX:NDTH   Nasdaq 100 Stocks Above 200-Day Average
Trend Analysis Chart Patterns NASDAQ 100 CFD QQQ nasdaq SPX (S&P 500 Index)
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trendanalysis chartpattern ndx qqq nasdaq spx
An interesting comparison between the nasdaq (log) and the number of stocks in the nasdaq above the 200 day average. It seems to me that any time the number drops to 30 or less (into the red channel), then within the coming months continues to correct further until only 7-12 stocks are above the 200 day average. It looks like this last around 1-2 months before it things improve (2008 as the exception at 5.5 months).

snapshot

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