I like the idea of the number of stocks over their 5 day average but it doesn't provide a good basis of forward guidance. If you look at the prior history on that chart, it is way too volatile. I would suggest looking at 10, 15 or 20 days average (likely 20 days as that's the normal number most base their charts on)
XJO - Bear Posts only (Factors which might cause the markets to fall), page-15556
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Last
8,274.5 |
Change
-20.600(0.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,295.1 | 8,295.1 | 8,259.7 |
| XJO (ASX) Chart |