Currently reading William Hamilton's "The Stock Market Barometer", and his frequent mention of the "line" in the market average got me thinking about the current month's market average. Both the DJIA and the SP500 show a pretty steady line, and I wonder if this is the kind of thing Hamilton is referring to. Is there a general consensus for how long the line has to be to be a "line". Also curious about confirming the mechanics of a "line". Is it a state in which buying and selling are counter balancing each other, or is it something else. Not asking about predictions or anything. More so just trying to understand the dynamics and how it works.
Submitted January 24, 2017 at 10:44PM by video_dhara http://ift.tt/2kgt2dY
