Technical Index measures market breadth by William Mason
ARTICLE SYNOPSIS ...Technical Index measures market breadth
by William Mason
There are numerous driving forces in the stock market such as inflation, interest rates, earnings, trade
deficit, fear and greed. The final output from the driving forces behind the stock market are the various
indices such as the NYSE Composite. Dow Jones Industrial Average, S&P 500.
These are fine indices for measuring the market results, but quite removed from the input side of the
equation. Some technicians try to build models around these variables with varying degrees of success.
What I wanted, instead, was the intermediate or tr...