It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
On Wednesday, March 6, 2013 the Dow Jones closed at 14,296.24. That topped the all-time high of 14,164 of October 9, 2007.
The stock market is nothing more than legalized gambling FAR WORSE than a casino because it is skewered to those with big money unlike real casinos that one have to depend on luck no matter how much he has.
Originally posted by MidnightTide
reply to post by jude11
Four criteria need to be met in order for the Omen to appear:
The daily number of NYSE new 52 week highs and the daily number of new 52 week lows are both greater than or equal to 2.8 percent (this is typically about 84 stocks) of the sum of NYSE issues that advance or decline that day (typically, around 3000). An older version of the indicator used a threshold of 2.5 percent of total issues traded (approximately 80 of 3200 in today's market).
The NYSE index is greater in value than it was 50 trading days ago. Originally, this was expressed as a rising 10 week moving average, but the new rule is more relevant to the daily data used to look at new highs and lows.
The McClellan Oscillator is negative on the same day.
New 52 week highs cannot be more than twice the new 52 week lows (though new 52 week lows may be more than double new highs).
It has been decent in its success rate as I have mentioned in this thread......though why I am doing the OPs work....
Originally posted by SeekerofTruth101
If you are simply going in and out of the market rapidly, that's pure gambling, no need to BS.