Looking at the Advance/Decline Ratio, today's action seems to have broken the back of the recent sharp decline. The A/D Ratio never quite got down to the levels seen at the end of October 09 or late June 09.
Today's action saw the ratio rise from a very low level almost to the top of the mid-range - and has clearly broken the set of lower highs that the A/D Ratio was forming.
Still - it is only one day but it does look promising.
No comments:
Post a Comment