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#1 tsharp

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Posted 09 December 2016 - 08:06 PM

FWIW, with the major indices continuing to create new ATHs, and the DTX confirming the Dow this week, via Dow Theory, what about the broader market?  The NYA is just a frog hair away from new ATHs too, and the cumulative AD confirms... with a RH&S formation that is targeting about 13K... IMHO, we are seeing a reflection/harmonic of 1928-29... there is much higher to go... just my $.02 worth.

 

Link to NYA Weekly chart:  http://postimg.org/image/blfrtgyqh/

 

NYA_W_12_9_16_2.jpg

 

Link to $NYAD chart:  http://postimg.org/image/96nw91ihl/

 

NYAD.jpg



#2 tsharp

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Posted 10 December 2016 - 02:42 PM

I thought I would add one more chart of the monthly SPX showing the target range of the measured move upward as it broke out of the expanding triangle... that move, if it comes to fruition is about 2550.

 

Link to SPX monthly measured move:  http://postimg.org/image/9769s0c0p/

 

SPX_M_Measured_Move.jpg