ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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We have S&P, NAS, FTSE, DAX, Nikkei & HSI.
I don't know whether there will be any point to it. We always hear debates on who leads, this way it's a blended shake of average advance/decline & it ought to paint a broader picture.
If we get a weekly W here in the composite it will probably mean a confident BUY has developed.
Look how markets jointly pulled back upon hitting 25% combined advance since last July.
I don't know whether there will be any point to it. We always hear debates on who leads, this way it's a blended shake of average advance/decline & it ought to paint a broader picture.
If we get a weekly W here in the composite it will probably mean a confident BUY has developed.
Look how markets jointly pulled back upon hitting 25% combined advance since last July.
There is no point since these equity markets more or less move in tandem. Had you included indices across the spectrum from various markets like gold, crude oil, and the treasuries, just to name a few, the composite index would have better reflected the current state of affairs IMHO. Just my utterly worthless 2-cents.
I have specifically decided not to include commodities, Ammo, like yourself, has suggested it also, this is equity market based composite. Even though they do tend to move in tandem, sometimes Europe leads, sometimes Asia, sometimes US. This way you see a broader representation, that's all.
Global economy needs a global chart
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