| Market Sentiment and the NYSE Highs/Lows Line |
by S. Wade Hansen The NYSE Highs / Lows Line The NYSE Highs / Lows (H/L) Line is a market breadth indicator that compares the number of stocks on the New York Stock Exchange (NYSE) that are making new 52-week highs with the number of stocks that are making new 52-week lows.  The NYSE Highs / LowsLine tells us one basic thing: whether bullish or bearish sentiment is moving the stock market. When more stocks on the NYSE are reaching new 52-week highs than are reaching new 52-week lows, the H/L Line moves higher. And when the H/L Line is moving higher, you know that bullish sentiment in the market is increasing. When more stocks on the NYSE are reaching new 52-week lows than are reaching new 52-week highs, the H/L Line moves lower. And when the H/L Line is moving lower, you know that bearish sentiment in the market is increasing. NEXT: Learn more about The NYSE Highs / Lows Line. Keep up with us:
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3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved." |
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