Sunday, December 14, 2008
Guthrie, OK
Visited the Double Stop Fiddle Shop and took in the show Saturday night, which was excellent.
I noticed that most recent Climax Lows in the Nasdaq and DJIA (those are the symbols to use by the way) were also Follow-Through days off the previous low.
After these signals, the market proceded to spend last week pulling back moderately on contracting volume, which is a healthy sign of Accumulation. The Accumulation/Distribution indicator has swung above 50% in the DJIA, and is up to 49% in the Nasdaq.
All of this seems pretty favorable.
I noticed that most recent Climax Lows in the Nasdaq and DJIA (those are the symbols to use by the way) were also Follow-Through days off the previous low.
After these signals, the market proceded to spend last week pulling back moderately on contracting volume, which is a healthy sign of Accumulation. The Accumulation/Distribution indicator has swung above 50% in the DJIA, and is up to 49% in the Nasdaq.
All of this seems pretty favorable.
// posted by gigascanner @ 9:53 AM 
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