% New 1 Year Highs / Lows > 30%
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% New 1 Year Highs > 30%
Often occurs when markets are topping intermediate to long term. This is not a trading signal, but indicates a probable area that the immediately previous trend will reverse. After a short lived sell-off, one more surge higher often occurs before a significant reversal to lower prices.
% New 1 Year Lows > 30%
Often occurs when markets are bottoming intermediate to long term. This is not a trading signal, but indicates a probable area that the immediately previous trend will reverse. After a short lived rally, one more sell-off often occurs preceeding a significant reversal to higher prices.
