good one ammo...i like it back to the original thread...holygrail...post the chart and also give us the basic makeup of youre 800. are they nyse or nas? what perecentage of each.is there a min volume or capitalisation.??
They are the top 800 largest volume stocks on both the nas and nyse. I really have no idea on the percentage makeup of my index. I guess I ought to look at that, but it will take me time to develop that info.
ammo 1 box reversal chart.5 points hilo data.eod u can see there is an uptrend with a wall of resistance at 1400 however,there is an internal trendline/downwards by virtue of the double-bottom breakdown at 1390 so 1400 break will keep the uptrend .the internal downtrend line does not negate until 1440 area as holygrail posted the only way to see what is happening is to go down a timeframe.ie hourly close data to define the trend,as there is no real trend on the daily if there are conflicting trends,then the market is neutral and you have to go down to see if there are shorter term trending signals
spx a 3box reversal.5 point hi lo. there are conflicting signals.there is an uptrend line/blue line bt the last signal was a double-bottom.and as you can see it will take a break above 1440 to have another double-top