T2108 Update – October 7, 2011 (Buyers Stymied At Resistance Yet Again)
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 22% (2nd day of oversold conditions) VIX Status: 36 General (Short-term) Trading Call: Hold. Commentary T2108 dropped … Read more