Market Breadth Data******************************

Sunday, February 11, 2007


There is a prevailing misconception about technical analysis (TA), that it looks only at price, patterns and volume, and therefore is ineffective. Nothing could be further from the truth. While price, patterns and volume are an essential part of TA, there is a lot more to it than that. In fact, if you look through the charts posted here during the last 6 months, you’ll notice that few are analyzing price or volume alone.

The chart above looks at the OEX from the perspective of market internals. Do you think it tells us something that fundamental analysts haven’t seen yet?
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