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On our daily Leadership Ratio chart, we measure the strength of the Leadership stocks and compare them to the strength of the Broad Market stocks. We then divide the two numbers and create a Ratio that shows if the Leaders are moving forward or retreating relative to the Broad Market stocks.
So what is the Leadership Ratio saying?
1. That the Leaders are still positive as a group.
2. That the 3rd. negative divergence since January 2009 just showed up.
3. And ... the Leadership Ratio landed on a support line which it will be testing today.
What does that mean?
It means that we are under duress, and that an important test is happening now on the Leadership Ratio.
What to watch for:
1. If the Leadership Ratio falls below the support, that will increase downside pressure in the market.
2. If the Leadership Ratio fall below the support, AND falls below the zero line, then a more serious pull back would occur.
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狗仔卡
发表于 2010-4-20 09:24 AM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
发表于 2010-4-20 09:53 AM