nmike
Long

S&P 100 stocks above 200MA, update

INDEX:S1TH   S&P 100 Stocks Above 200-Day Average
368 1 2
I have stated many times that the BB(100) is able to display EXTREME buying or selling pressure when prices are outside the bands.But extreme buying or selling can also mean that we are approaching EXTREME oversold or overbought conditions.See notes on chart.
SPY *RENKO CHART * (weekly) http://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=2&mn=0&dy=0&id=p53436144648
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