Subject: Re: What constitutes success?
TG- Breadth - especially extremes - are the key. Percent of stocks above moving averages of 3 or 4 different, key, lengths, are telltale sentiment indicators. Bottoms - extreme low breadth combined with indexes below intermediate to long term moving averages - are shorter and easier to spot than tops. The emotional problem is it requires nerves of steel (robotics?) to put cash to work at those times.
Very useful information. When you say low breadth, do you mean low volume?