Does anyone have the low tick for the day, and can compare it historically to previous market bottoms?
Does anyone have the low tick for the day, and can compare it historically to previous market bottoms?
Ok, thanks. I know from Bob's missives, it's been lower than this...--1500 or so
Here's the weekly 10-year on the NYSE tick:
-1500 is an extreme threshold but we do seem to have capitulation within a few days/weeks after hitting that level.
Here's the daily:
There does not appear to be a good correlation with the -1500 level and a market bottom ....
Last edited by grems8544; 08-03-2011 at 01:17 PM.
Thanks, Paul. As you, Billy and Bob have rightly pointed out, this is much more a secondary tool.