
Although nosotros seemed to last headed toward a examination of recent lows this by week, the cumulative adjusted NYSE TICK business has continued to present relative strength. Should nosotros transcend away that retest of lows, a position out of indicators seem to last setting upwards non-confirmations. In add-on to the TICK line, we're likewise seeing a rattling pocket-size position out of stocks striking fresh 20-day lows. On Friday, across the NYSE, NASDAQ, together with ASE, nosotros had 280 novel 20-day highs, against 418 lows; Th had 297 novel 20-day highs together with 417 lows. Compare that to the 2564 novel 20-day lows on Oct 24th together with the 6561 novel 20-day lows on Oct 10th. I volition last watching these indicators closely to run across if participation continues to wane on farther weakness.
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