O'Reilly logo

Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points, 5th Edition by Martin J. Pring

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

27 MARKET BREADTH

Breadth indicators measure the degree to which the vast majority of is-sues are participating in a market move and, therefore, monitor the ex-tent of a market trend. Generally speaking, the fewer the number of issues that are moving in the direction of the major averages, the greater the probability of an imminent reversal in trend. Breadth indicators were originally developed to monitor trends in the stock market, but in recent years, they have been expanded to embrace any market that can conveniently be subdivided into components. Even though most of the comments in this chapter refer to U.S. equities, it should be remembered that breadth can just as validly be extended to other markets around the world. For example, experiments ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required