the prior post, I suggested that it is premature to count on a marketplace reversal inwards a weak marketplace until y'all run across bear witness of pregnant buying interest.
The NYSE TICK is a useful stair out of such interest, because it captures the moment-to-moment trading of all stocks on the New York Stock Exchange: whether they are transacting on upticks or downticks.
As nosotros tin dismiss run across above, the TICK has spent the bulk of its fourth dimension below the blueish aught line, alongside a pose out of readings below -800. Conversely, we've however to run across a positive reading of +800 or greater.
I similar to rails a short-term moving average of TICK (H-L-C for each period) to run across if that average is spending to a greater extent than fourth dimension inwards a higher house or below the aught line. So far today, nosotros bring been below the describe of piece of occupation throughout the morning. That is typical of tendency days to the downside, around other argue that has me careful trying to alternative marketplace bottoms.
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