Today's updated chart shows the percentage of S&P 500 stocks with
a 20 day C-RSI at a positive or negative level.
When you look at the chart, note that it made a lower/high, and then started
moving lower.
Here is the important thing right now ... If this 20 day C-RSI percentage
now continues to fall and goes below the 33.4% level made on December 16th.
(Marker 185 on this chart.), then that would confirm a down trend, and the
market would follow accordingly.
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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