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Cumulative TICK Hits New High for 2010, Down Volume Hits New Low
By Rennie on Sunday, March 7th, 2010 at 5:40 pmA technically strong day on Friday, with bullish NYSE TICK action and a surge in new 20-day and 52-week highs. While the board was somewhat mixed towards the end of last week, I continued to favor the long side because short-term buys were continuing to be triggered despite overbought conditions. In general I find it’s best to overweight short-term buy signals in an overbought market or short-term sells in an oversold market…
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