Kevin Lane of Technimentals notes that the 10-day MA of the % of NASDAQ issues reaching 30-day lows (green line) is starting to turn up.
Source: Redwood Technimentals
Lane warns that “Any acceleration in this line would lead to more corrective action, particularly if it worked back above the 11 % level (black line) as it would suggest a mean reversion towards the mean level @ 20%.”
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Quote of the Day:
Press on. Nothing in the world can take the place of persistence. Talent will not: nothing is more common than un-rewarded talent. Education alone will not: the world is full of educated failures. Persistence along is omnipotent.
-Calvin Coolidge, Thirtieth U.S. President (1923-1929)
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.