Monday Breadth –> Weak
Buying was pretty weak today for a >1% up day. Â The pertinent question however is, “was it Denver Broncos weak?” Â That’s not for me to decide, but I’ll put it out there, to let you stew on it.
Since most data needs a context, I recently added upper bollinger bands to the breadth reading.  This effectively lets your know what number constitutes a real “accumulation” or “distribution” day.  Here’s how it works: It takes the average of the last 89 buy breadths, then adds 2 standard deviations to that.  I can eyeball this, it’s just to put the numbers in context for you guys.
It’s hard/pointless to read into much when we are on a holiday-shortened, xxtra volume lite trading week. Â Go spike some footballs in your neighbors lawn, or ruminate on the inherent value in cranberry futures.
It was Broncos weak, indeed. Craig Morton weak.
You beat me to it MOOBS. WTF happened to Denver, they completely fell off, lol @ Broncos weak comment– that was gold Danny. Meanwhile, Rivers & LT are heating up.
The Broncos are the Mets of the Rocky Mountains. Always have been, always will. Except, of course, for those two glorious years under the careful leadership of Sir. John Elway. [Silence is kept]
Heating up is right!
you hear about cromartie? Holy shit. I guess they flew back that same night (sunday), went to a bar by my house, and smashed some dude in the head with a champagne bottle. He is claiming it “slipped.” I think it’s pretty cool they made it from denver back home in time to get to the bar.
http://sdg.scout.com/2/922914.html