Tuesday, April 16, 2013

dWbShadowTrader Quad


Advance Decline Breadth plummeted off the open and continued down all day. Up/Down Volume ratios continued down and really took off after breaking the MA's. Cumulative Tick readings for NYSE struggled to stay close to zero all morning and had major low readings in the afternoon. The Value Area on the Monkey Bars and TPO profile (not pictured) did not move lower with the selling in the afternoon. Value Area LOW (VAL) was considerably higher than the low tick in the afternoon.

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