ROMANIAN AD LINE IS NEGATIVE
05.11.09 – 10:34 MARKET CAP VS A-D LINE This is the market capitalization line vs Advance Decline line. AD line is a breadth indicator, which suggests the number of new highs vs new lows. The higher the line, the stronger the broad market confirmation, the lower the line the more negative the breadth or broad market support. Now here we have a clear breakdown on AD line (red trend line support breaks). This is a clear negative signal and suggests further negativity on the Romanian market.
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Author: Orpheus | Date: 05 November 2009 | Comments (0)
Categories: Romania, Sentiment Indices Romania
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