Chris Perruna's market timing model
- Posted by Ivanhoff
- on May 13th, 2009
Chris Perruna posted on his blog his simple approach to measure market strength. He measures the difference between 52 week new highs and 52 week new lows for NYSE and NASDAQ. He is not paying attention on extreme readings, but rather focuses on major turning points in the differential – the change from negative to positive reading and vice verse. Chris says that we need a differential of at least +100/200 to confirm a genuine uptrend. Currently, we are far from that.
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My name is Ivan Hoff. I am a stock trader. I manage Stocktwits 50, Stocktwits Email and was featured in The Stocktwits Edge, which I edited. (More) -
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