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I've noticed some people using the Nasdaq as a leading indicator...

  1. tigga72
    142 Posts.
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    18/09/09
    14:56
    Post #: 5662888
    I've noticed some people using the Nasdaq as a leading indicator for future direction for SP500, Dow etc. I notice the Arms ratio for the Nasdaq went into a strongly oversold condition (1.84) overnight while the index itself declined by only 0.3%. My initial read on this is bullish, but I'm open to other opinions...?
    tigga
    XJO Value at posting: 4,675.4
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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