Below is a chart that gives a very simple explanation as to the current market change and what might need to happen to regain the upward movement. To the left, UP, center somewhat FLAT, right DOWN. Comments welcomed.
Below is a chart that gives a very simple explanation as to the current market change and what might need to happen to regain the upward movement. To the left, UP, center somewhat FLAT, right DOWN. Comments welcomed.
I agree with the down part, I do not see the cross zero part though. I think all rallies may be sold until we get a panic bottom.
Rick
Rick
I wondered how it compared to the 2000-2001 sell off:
And now you know. RD go back and add a horz. line at "0" on your MACD will take the guessing out of where the ratio is.
