• Address: New York, NY 10008 (map)
• Date Posted: 11/01/09

Title: News from screenulator.com
Breakout ratio since October 22 has been showing weakness. It is now clearing favoring the bearish sentiment. In spite of today's impressive rally, the market is likely to be remain week for the next couple of sessions. We are seeing the price / breakout ratio divergence here. This could possibly put a halt to the 7 month long rally.
Appendix: Breakout ratio is a measure of number breakouts of resistance trendline (top line) to violation of support trendline (bottom line). It has been tracked by http://www.screenulator.com and has been correctly predicted the overall market direction.