Value of Perfect Information

Extreme Alert.  Level currently above 87%. That is getting into extreme overbought territory!  When the number of stocks above their 200-day moving average goes above 85%.  Historically, readings in this area have precipitated either a major correction or a bear market.

That is getting into extreme overbought territory!  When the number of stocks above their 200-day moving average goes above 85%.  Historically, readings in this area have precipitated either a major correction or a bear market.
[tags] NYSE Percent of Stocks Above 200 day moving average[/tags]

That is getting into extreme overbought territory!  When the number of stocks above their 200-day moving average goes above 85%.  Historically, readings in this area have precipitated either a major correction or a bear market.

[tags]NYSE Percent of Stocks Above 200 day moving average[/tags]

Looks like this indicator has to revert to below the down trendline and we still have room to fall.