IF the cumulative breadth manages to escape the blue line, it will be majorly positive, I think it is a bit struggling today after yesterday's rally since it created quite a bit void sucking the prices lower. The breadth is likely to be weak ahead of the 60-62 wk cycle low due in spring. However, a upward break of the FLD will be a better confirmation of this rally and upside targets...
In any case, if the breadth can remain over the red lines in the next 2-3 weeks, we may actually go parabolic, I do not expect this to happen, but you will never know. Even though RUT is lagging, I think there is still enough strength in the market to carry higher...
http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=1&mn=0&dy=0&i=p53784401743&r=9549&.png
Best of luck.
PS. Sorry for multiple typos, I could not edit out the title.
Edited by arbman, 10 November 2009 - 02:52 PM.
