As it's a wishy washy morning on my screen an observation.
One of my own pet indicators is to divide the Bollinger bands into four regions separated by 1 standard deviation and classify stocks as Bullish, Neutral Bullish, Neutral Bearish and Bearish depending on which channel they are in.
Today I am seeing 51% of the ASX200 in what I call the lower channel and 24% are neutral bearish.
In other words 75% of the market is travelling below the mid bollinger or 20 day MA.
