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Record NYSE D/A Ratio
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Record NYSE D/A Ratio

Record NYSE D/A Ratio

by The MoleAugust 8, 2011

You guys have to see this:

A NYSE Declining/Advancing ratio of 47:1 is simply unheard of and we didn’t even come close to this during the entire 2008 bear market crash. We are talking serious selling exhaustion here. Do you really want to be short or long this tape? Do you really think it’s worth holding short or predicting a floor here?

Whatever snapback is on the horizon – this week, next week – who knows – but I expect it to be a squeeze of mammoth proportions. But – before we go long we need to collect some evidence first and thus far this could easily play out for a few more days. Be patient – and whatever you do, if you play options be mindful of vega.

Cheers,

Mole

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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