52-Week Lows Exceed Highs Two Months Running... 1st since 2011
Negative Days (15) 3x Positive (5)... Worst Month Since 2009
Another useful tool for analyzing an index of your selection universe is a comparison between the number of issues establishing new 52-week high ground vs. those sinking to new 52-week lows. The longer the numbers are overwhelmingly positive, the more likely it is that a correction is approaching.
Superficial analysis is very straight forward --- there should be more new highs in an upward trending market and more new lows during a correction. Typically, New Highs vs. New Lows is the last market statistic to weaken...
- Over the past 77 months (Since April '09), months with more new highs (71) have exceeded months with more new lows (6) by a huge margin (please contact me for the exhibit) --- including 56 of the past 61.
New High vs. New Low Numbers Move Into "Correction" Territory
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The New High and New Low issue stats also identify weaker and/or stronger sectors within the IGVSI selection universe --- very important in helping investors determine where the bargains are and where the profit taking opportunities should be.
Remember to be quick on your profit-taking feet, using the two 7's beats one 10 "Brainwashing Book" strategy. The correction you've anticipated may have arrived --- there has never, not ever, been a permanent upward only stock (or bond) market.
What's this all about? Check your copy of "Brainwashing" or contact the only authorized Market Cycle Investment Management practitioner on the planet --- yes, there is only one, and this guy can put you in touch...
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