Friday, April 17, 2009
chatter has polarized as well -- proclamations of health have grown more exuberant (which is boggling to me given what we're seeing economically) while more skeptical parties have gone black.
UPDATE: from quantifiable edges -- wow.
[W]hat might the Worden 1-standard deviation measure suggest when it gets extremely high? As of Friday it was certainly extremely high. Over 80% of stocks closed at least 1 standard deviation above their 40-day moving average. Worden Bros. maintains data back to 1986 and this is the 1st time the indicator has cracked the 80% level.