Momentum Top & Bottom Signals
Saturday, November 15, 2008 | 09:48 AM
Mike Santoli mentions an interesting technical measures in his streetwise column this morning: Triple digit stock momentum at tops, and low priced S&P500 stocks at lows.
"LAST YEAR, WITH THE MARKET near what would prove its ultimate high, I noted a perverse pattern in which triple-digit- priced stocks were consistently outperforming other issues, a sign of momentum-chasing speculation (Streetwise, May 14, 2007).
Saturday, November 15, 2008 | 09:48 AM | Permalink
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