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|User Info||What is so magical about the close?; entered at 2010-06-05 06:13:11|
Registered: 2008-02-27 Long Island, NY
This tool compares the number of stocks on the New York Stock Exchange that are rising to the number of stocks that are falling. |
The calculation is very simple. You take the upticking (or rising) stocks and subtract the downticking (or falling stocks).
If the number is positive, that means more stocks are rising than falling. If the number is negative, that means more stocks are falling than rising.
When the TICK approaches +1,000 or -1,000, watch out. These extremes indicate a severely overbought or oversold condition.
In either case, expect the market to abruptly reverse itself.
Understanding the TICK can help you decide when to buy or sell.