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SharePlanner (< 20)

Checking Out theT2108

Recs

3

June 27, 2010 – Comments (2)

Here's the T2108 for this week, looking back at about a year's worth of action. Between 40 and 60 tends to be where the action happens - sudden change of directions, where downtrends suddenly reverse upwards and vice-versa. We are just above the 40 mark, and with quarter-end quickly approaching, anything is bound to happen.

The T2108's purpose is to measure the percentage of stocks trading above their 40-day moving average. There is a little more to it that Worden doesn't disclose, but nonetheless, it is a valuable tool for gauging the overbought/oversold conditions of the market at hand.

Here's the T2108 Chart.

2 Comments – Post Your Own

#1) On June 27, 2010 at 3:45 PM, blesto (32.22) wrote:

If this summer is like last, we may be in for a July rally.

Is there a similar chart going back at least 5 years?

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#2) On June 28, 2010 at 8:17 AM, SharePlanner (< 20) wrote:

Yeah - I Could probably get you one - I'll try and post it for you.

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