Exploiting the edge from historical market patterns

Visit TraderFeed

A Look at Growing Market Weakness

Posted on June 22, 2009

As you can see from the chart above, after today's sharp drop, new 20-day lows across the NYSE, NASDAQ, and ASE are now outpacing new highs rather handily. On Monday, the new lows hit a level they haven't seen since the March bottoming period. I notice that new 65-day highs and lows are now about even. This fits with the pattern of market weakness--and the trend shift--noted in the recent indicator review and update of the sectors. Seeing the market weakness setting up early in the morning, as noted in the intraday Twitter comments, and placing that weakness in the context of a trend shift...

Original article link


highs , lows , new lows