Technical Analysis

Roque Indicator

Invented by John Roque. He looks at the percentage of stocks on the NYSE that are trading above their 200-day moving average. In a note on 05-Aug-2011, Roque pointed out that the number of NYSE stocks above their 200-day average on the NYSE was a measly 19 percent, When the number of stocks that manage to stay above this moving average -- a common measure of momentum -- make a nasty two standard deviation move to the downside from the norm, it usually means an oversold market and a good time to buy. External link

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Understanding market structure - graph showing phases in a market cycle.

Author:  Mark Carter
Created: 21-Aug-2011
Updated: 21-Aug-2011