27
Oct
By Liz DeMera
This NYSE Net Advancing Volume chart is plotted as a 30 Day Moving Average. It is very useful in determining possible bottoming conditions in the market. Usually we get a rally from this level, however, this chart is not indicative of a good market bottom or deeply oversold condition in the market. I’ve noticed through history that once it gets down to a lower negative number that it will linger as the market is putting in a good bottom.
The following is by @lizdemera , who uses market technicals to determine the stock market’s performance.
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October 30th, 2012 at 8:39 am
Interesting to see just how long before Wall Street reopens .If it reopens
tomorrow Wednesday 31st ok . However , it depends on how pear shaped things are , if its a shutdown till next Monday ,? As it transpires the bearish
sentiment has been rubber stamped by events .
I claim not to have contolled events, but confess plainly that events have controlled me . Abraham Lincoln – Speech 1864
October 30th, 2012 at 9:23 am
It will likely open tomorrow. Can’t see them keeping it shut down much longer.