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.