Doesn't EVERYONE See This??

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I like to plot the Indices versus the number of Stocks making a new 52 week high / low.

The recent rise has been accompanied by a solid number of new highs.

While the market may correct with the number of new highs decreasing - for any substantial drop I would like to see a rise in the number of new lows.

There are none for a lot of weeks now and I have started to sincerely doubt my method of calculation.

Could someone verify these numbers please?

Many Thanks

Bernd Kuerbs
 

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Quote from dinoman:

If you used lagging indicators for trading the S&P for the last say 6 month's you would have had your arssss handed to you. Indicators like that are a waste! Some times there right sometime there wrong. Stick to price because price doesn't lie. And if it does, which some may argue you will know the truth a lot sooner. It amazes me how many people search for dummy indicator like RSI, CCI, STO etc. These indicators were developed for one reason only. To take trades money. All you need is PRICE! Will go into further detail if needed later on.
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Firstly, you are wrong just because you are basing this argument against indicators on assumption. Moving average is an indicator and is widely used by almost every successful TA trader. Yes, you can trade just price, but you wouldn't be seeing what other entities are seeing as far as a bigger picture is concerned.
 
Quote from dinoman:

All you need is PRICE! Will go into further detail if needed later on.
More...

Please do. Because I'm just starting out with intraday trading and I'm trying to find the magic system with indicators. So far I'm not doing so good :)
 
Quote from ess1096:

Irrational Exuberance?
The rally may have ended in late October. Me thinks we see a pullback soon. Just an opinion.
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You have Bullish reverse divergences,you are in a clear uptrend,and you arent listening to price...Picking tops is not fun business
 
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