Ribbon Charts Are Often Very Helpful

By: Marty Chenard | Thu, Jan 10, 2013
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Last week, we showed a Ribbon Chart for the NYA Index (NYSE Index). As seen in Chart 1 (posted last week), it was up trending last Tuesday. What happened since then, and is there a Breakout Indicator for this chart? Please see Chart 2 ....

NYA Index

Chart 2: This is the same chart as above, except is was updated as of 10:28 AM this morning. Another feature of this chart is the Breakout Direction Indicator for when the Ribbon chart show's convergence. This chart is pretty self explanatory, so I won't go into a bunch of details. Since a picture is worth a thousand words, chart pictures can also be worth a thousand words.

NYA Index

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
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