samitrading

SPX's Percent of Stocks Above 50d MA.

SP:SPX   S&P 500 Index


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****Reading Table:******
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-Green Lines readings below 10%
-Black Lines readings Between 10%-20%
-Red "Date Range" is reading above 90%
- Pinks are Crossing below 50% then
Crossing above it again. "Bottom finder"
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Reading Between 10%-20% :
( 9 Signals)
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Bottom
- before bottom
bottom
bottom
bottom
bottom
going down
botom
bottom
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Conclusion:
-90 % success rate at Bottoms
-Much better surprisingly than
going below 10% which is most
extremes
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Reading Below 10% : (11 signals since 2009)
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Bottom
bottom
False
bottom going down
3 weeks before a bottom
bottom
bottom
bottom
bottom
going down
bottom
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Conclusion :
- much better to wait for it to
crosses above 10% just to clear off errors .
- 54% confirmed bottoms,9% false signals
- 18 % going down to a bottom
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Readings Above 90% :
9 signals
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up swing ( small dip)
up swing
up swing
top "small dip"
up swing
top small dip
up swing
Major top
up swing
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conclusion :
- Small dips 7%-5 %
-89% of the time just up swing
showing how strong the market
is.
-11% Major top

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Summary:
*** Above 90% is just up swing, 89% of the time!!
***Surprisingly between 10%-20% is much better
than going below 10% ! !! 90% VS. 54%.
***Both lowest section readings either we are very
close to a bottom like weeks or at one.
***Like any other indicator, during crashes we
will get false signals across the board like allot!!!
*** All dips if i may say, happened between pink
lines when single or between them for longer pullbacks

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