Registered: Feb 2004
04-30-12 12:16 AM
Quote from RangeTrader:
For me they definitely are. Internals tell you if the market is stable, likely to collapse, trending, or non trending...
Averages on the Nyse and Nasdaq Tick in combination with Advn-Decn Vol tell you all you need to know about the mood of the market most days.
I don't start trading until I get the 10AM read on internals usually.
I find that as a lagging indicator, internals cause more confusion than confirmation.
I have also found that the majority of profitable moves happen in the first hour of the cash market (9:30-10:30 EST).
Just my personal experience.