According to my data, the last time the reading was under -50% was 10/19 and 10/20/87. Prior to that was 5/21, 5/25 and 5/26/1970, which is about as far back as my data goes.
Edit: It was pointed out in the comments section that Dr. Steenbarger also noticed this. His data went back prior to 1970 and he found an additional instance.
3 comments:
http://traderfeed.blogspot.com/2008/10/look-at-broad-weakness-in-stock-market.html
Ha! Looks like Dr. Steenbarger and I think alike sometimes! He found another day prior to 1970.
Thanks for the link.
Another interesting chart is % of Nasdaq stocks above 50-DMA, at 5.6% as of Oct 7th.
This chart resonates loudly.
http://tinyurl.com/45gpfo
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