Is a huge rally coming?, page-3

G'day again
I'm convinced you are correct Bob but these charts are keeping me wondering. They look VERY bullish to me.

Here's another chart with explainations of the indicators below. Something worth noting, GP is tipping a bullish turn around on the NZ site, hows that for a coincidence. LOL




The Up/Down Ratio indicator shows the relationship between the volume of advancing issues and the volume of declining issues. Upside volume is simply the sum of all volume associated with stocks that closed up in price, while downside volume is the sum of all volume associated with stocks that closed down in price

The Breadth Advance/Decline Indicator is the number of advancing issues divided by the total number of both advancing and declining issues. Readings above 0.5 are considered "bullish" while readings below 0.5 are considered "bearish."

Typically, the Arms Index is interpreted as "bullish" when it is below 1.0 and "bearish" when it is above 1.0.