I've been watching my handbasket of xl stocks in addition to how many convey been making fresh five-minute novel highs in addition to lows. Here are a few observations:
* When nosotros cash inward one's chips a several infinitesimal marketplace bounce or drib in addition to far fewer than one-half of stocks register fresh five-minute novel highs or lows, it's worth looking for a retracement of that move;
* Influenza A virus subtype H5N1 cumulative trouble of the position out of stocks making novel highs vs. lows gives a full general feel of trending;
* If you lot halt seeing novel highs or lows from stocks inward a sector that has been leading the marketplace higher or lower, that frequently precedes a marketplace turn;
* When the marketplace is making a valid breakout move, the vast bulk of stocks volition register novel highs or lows;
* In a slow, hit trade, you'll come across a mixture of stocks making novel highs in addition to lows;
* If you lot define an X-minute opening range, seeing a keen bulk of stocks interruption higher or lower than that hit is a useful alarm to an early on trending move;
* If you lot rails novel highs/lows in addition to breakout moves at unlike fourth dimension frames (for example, v minutes vs. i hour), you lot tin grab short-term moves inside larger-term moves.
I'm finding the Trade-Ideas platform to travel useful equally a means of creating custom baskets of stocks in addition to tracking their forcefulness in addition to weakness over time.
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