Don't rush to buy. Wait for confirmation# Stock
N*p
1 楼
Market internal improved yesterday, but can be deceptive.
Better wait for confirmation:
1. $SPX close the day/week above SMA50.
2. Cumulative $NYAD MACD histogram crosses above zero.
Otherwise most leading stocks will stay below SMA50.
Current correction is pretty bad, $NYHL dropped too much: SMA50 dropped
below zero. Last time this happened was 2011 Summer, that resulted in 20%
correction. Many leading stocks dropped by 3x, or 60%.
$NYHL: SMA50 crossed below zero.
http://stockcharts.com/h-sc/ui?s=$NYHL&p=D&yr=1&mn=0&dy=0&id=p1
Cumulative $NYAD: EMA13 crossed well below SMA50.
http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&yr=1&mn=0&dy=0&id=p2
Better wait for confirmation:
1. $SPX close the day/week above SMA50.
2. Cumulative $NYAD MACD histogram crosses above zero.
Otherwise most leading stocks will stay below SMA50.
Current correction is pretty bad, $NYHL dropped too much: SMA50 dropped
below zero. Last time this happened was 2011 Summer, that resulted in 20%
correction. Many leading stocks dropped by 3x, or 60%.
$NYHL: SMA50 crossed below zero.
http://stockcharts.com/h-sc/ui?s=$NYHL&p=D&yr=1&mn=0&dy=0&id=p1
Cumulative $NYAD: EMA13 crossed well below SMA50.
http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&yr=1&mn=0&dy=0&id=p2