Joined Nov 11, 2007
1,458 Blog Posts

Breadth Signaling a Bounce is Near

Again, short-term breadth measures are signaling that a bounce is imminent.

The two short-term breadth indicators are the red and green lines.

The red line is a measure of the number of stocks trading above their 5 day moving averages. Anything under 700 usually brings a bounce. It is currently at 492.

The green line is the Decliners Indicator. I recently put up some performance results and a summary of how this indicator works here. Those results used 90 as a trigger. The indicator is currently reading 86.9.

Combine these breadth readings with 50 day moving average support just beneath today’s close and we have a setup for another quick bounce.

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  1. omen

    matches what I wrote about in the KoPG post 🙂

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  2. bil

    Have you tried stratasearch software???


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