Worden T2108 hits 81%


The T2108 hit a level not seen since a minor top in early July.   It says that 81% of NYSE stocks closed above their average price over the past 40 days.   While T2108 has been as high as 90% at some tops, it has not been higher than the high 80’s during the past two years.   So, we should be looking for any signs of weakness or a top. 57% of the Dow 30 stocks have an overbought stochastics, the most since last June.

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