One of the things we do every night, is run a computer scan on the S&P
500 stocks and actually measure what the Strength level was for each one. From
that computer run, we calculate how many of the 500 S&P stocks had Positive
Strength and how many had Negative Strength.
The results gives you a picture of how the Bulls and Bears are doing against
each other.
So, here is last night's chart ... A quick look at it and you will see that
there are many more stocks in a bullish condition relative to the number of
stocks in a bearish condition. So, the new positive bias that started on October
10th, remains in place. (This chart is updated every day, and can be found
on Section 4, Chart 1 of the Standard subscriber site.)
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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