In my never-ending quest for Market Mastery, I have assembled another indicator. This one is based on the NYSE Up/Down volume ratio. Here's what it looks like:
Click for larger, Browser back.
Here is a handy link: http://www.freestockcharts.com?emailChartID=b5425477-2f4b-448d-a529-7481db3ff95a
Here is another, possibly clearer way to see the same thing:
Tonight's chart shows that Down Volume is higher than Up volume, but closing the gap. This should signal the eventual end of a bear rally... we'll see. Hopefully, with this tool, we'll get better.
And, for no extra charge, here is yet another good one...
This one allows us to the total number of up issues compared to a moving average
Click for larger, Yada Yada.
And... don't forget about the older Bull/Bear index.