Arms Index ... below, we see the current readings, including yesterday's bullish number, on the shorter-term Arms Index moving averages. The five-day is now at an extremely overbought level, equaling the most overbought levels in recent history. The 10-day is overbought but not as dramatically so. However, the offsets are such that it is likely to move further in that direction as a result of the next two daily entries. All this puts the sustainability of this advance in doubt.
(Text ist von Dick Arms, dem Erfinder des Arms index. Quelle: Street.com) |
Angehängte Grafik:
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