NYSE Percentage of Stocks above their 150 Day Moving Averages Long Term Chart
Attached is the long term chart of the NYSE Percentage of Stocks above their 150 Day Moving Averages. I'm showing this as the percentage has closed below the key 30% level for the first time in three years and thought it would be interesting to see how long it stayed below this level in the past.
So it looks like unless there's an immediate reversal, it could be many months until it recovers the key 30% level and gives a medium term buy signal again.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.