Extreme condition
27 of 30 dax stocks are trading their 20-day lows. We haven't seen greater amount than this, so we expect a pullback of some kind.
16 of 30 stocks are trading better than the underlying index. We are expecting a tradable bottom soon.
27 of 30 dax stocks are trading their 20-day lows. We haven't seen greater amount than this, so we expect a pullback of some kind.
Accumulation/Distribution reveals very very oversold condition. In history, we have seen quite strong short term rebound from such state.
Our own dax indicator also reveals very high oversold condition which we have seen previously during 2008 bear market. We could see +5-10% rebound during next 2 months.
Trin SMA(10) reveals interestingly weakening down-trend.
Cumulated volume index hasn't made new lows even the price index has.
