Market Trends

Discussion in 'Technical Analysis' started by Babak, Aug 6, 2005.

  1. Babak

    Babak

    I thought it might be good to have a thread where we can keep track of current market trends to analyse and discuss what is happening and what may happen.

    I'll start off stressing the divergence in the AD (another thread) for the Nasdaq and also point this out:

    [​IMG]

    I hadn't looked at the PC ratio recently and was surprised to find it at such an overbought reading - 0.529 Its actually heading up now. Does it denote a short term correction coming our way?
     
  2. It's very possible. The depth of the correction is unclear though. Very much depends on fundamentals.
     
  3. great point---------as i have stated before, the put/call ratio gives very good indications of pending changes or the strength of a running trend.
     
  4. That was interesing. Thanks for the link.
     
  5. Babak

    Babak

  6. Babak

    Babak