3 replies to this topic

[airedale88]

remains on a buy. NYSE 21 day breadth consolidated oct/nov/dec. had the 21 day breadth indicator remained near the zero line or went negative as INDU turned up to new highs a sell signal would have been given, (negative 21 day breadth with new INDU highs would have been a major sell). the indicator has shot back up, confirming the uptrend continues. the INDU 21 day sma has provided support.

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=9&dy=0&i=p75987389510&r=5903.png

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=9&dy=0&i=p97456021900&r=6254.png

Edited by airedale88, 02 February 2007 - 03:28 AM.

[bobalou]

what do you make of the rut and nas, laging...and your doing a nice job...thx as alll ways.

[eminimee]

INDU ......a bearish take.....

...OEX:SPX........something different.

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=11&dy=0&i=p14096164894&a=85048065&r=1974.png

http://stockcharts.com/c-sc/sc?s=$OEX:$SPX&p=D&st=1990-01-01&i=p58499156155&a=60625866&r=2003.png

[airedale88]

what do you make of the rut and nas, laging...and your doing a nice job...thx as alll ways.

RUT made new all time highs early dec, consolidated/corrected (very minor) thru rest of dec into early jan low. IMO typical yr end cross currents as portfolios switch around. now RUT at new all time highs on a breakout of the consolidation.

IMO NASD is just a sector index. those who might disagree have only a brief time span of market experience and market history from the 90's onward to argue the case. one sector does not make the market.