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21-day Moving Average of Ratio of Advancing Issues to Total Issues for NYSE and Nasdaq. Useful for identifying major pivot lows in the market.
Chart is really only useful to identify bottoms in the market due to extremes in % of new lows.
3-day Moving Average of Ratio of Advancing Issues to Total Issues for NYSE, Nasdaq and AMEX. Useful for identifying short-term / intermediate-term pivot lows in the market.
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