There were 9 new highs and 169 new lows in my universe of 4,000 stocks on Wednesday. The Worden T2108 stayed at 14%. I remain mainly in cash.
Stock Market Technical Indicators & Analysis
There were 9 new highs and 169 new lows in my universe of 4,000 stocks on Wednesday. The Worden T2108 stayed at 14%. I remain mainly in cash.
On your Tuesday blog you mentioned that T2108 went to 9% and that earlier lows were at 1% in 1987. This indicator was at 8% in mid July and that was a temporary bottom. I say temporary because we clearly broke through July lows with new lows set on Friday. If the situation is as dire today as to require a trillion+ dollar bailout (money used for bailouts since sumer 2007 when the bailout regime began with a 50 bps discount rate cut bang), maybe we will see T2108 approch 1987 lows before it is all over.