Wednesday, January 12, 2011

NYADV MA-10 can be used to find entry points in SPY

This is a chart of the 10-day MA of $NYADV (number of issues that advanced in price on the NYSE).  It looks like crosses down the green line at 1350 are good indicators of entry points in SPY (or other similar securities based on the S&P 500 index).

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