This blog intends to reduce the noise from the markets by the use of Market Profile as well as studying inter-market associations and their relevance to the short-term trend.
MO is a market breadth indicator calculated from the whole market's advance/decline ratio. Basically it is used for measuring risk, when above 60, fresh longs get riskier and below -60 fresh shorts are risky.
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3 comments:
Gap down under 4930 coming tonight. Deep cut will be next IMO.. We could see as much as 10% down in next 2 days.
How does one read this indicator?
@Sam
MO is a market breadth indicator calculated from the whole market's advance/decline ratio. Basically it is used for measuring risk, when above 60, fresh longs get riskier and below -60 fresh shorts are risky.
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