http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=6&dy=0&i=p00011530199&r=8008.png
http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=6&dy=0&i=p50966274753&r=8671.png
it will be important to see the NYSE 21 day breadth indicator continue to gain strength assuming the INDU makes new highs. the indicator itself dropped rapidly in late dec/early jan into slightly negative territory before rebounding. considering the ad/dcl # 's that were falling off the 21 day sma and the end of yr/new year consolidation breadth # 's replacing them that decline in the indicator should be taken as a warning only. if the NYSE 21 day breadth turns down into negative territory again as INDU makes new highs an important sell signal would be generated.
INDU envelopes/NYSE ad/dcl
Started by
airedale88
, Jan 22 2007 06:37 AM
2 replies to this topic
#1
Posted 22 January 2007 - 06:37 AM
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#2
Posted 22 January 2007 - 07:25 AM
the one index that has not given me a sell signal is the oex( I T view, the leader, I think, on this move up), if you get some time could you do a cycle chart as to were we are at . ? thanks
#3
Posted 22 January 2007 - 01:26 PM
Thanks for sharing your thoughts Airdale. That was the context I was hoping you would provide.
I am short from Fridays open and hoping we do see the second trip below zero...
C,