question

NYA today achieved its first weekly close since late 2006 below 8672 major horizontal, which if you view a long-term weekly is an important horizontal

this coupled with the Yen achieving a 13-year high

TNX is following the same downward path as NYA and SPX

too early to draw conclusions? need more sustained price action below NYA 8672 to confirm a forecast that more weakness is likely to follow?

some weekly charts for SPX, TNX, NYA here -

http://www.websiteto...post?id=2559250

monthly NYA chart update here -

http://www.websiteto...post?id=2513660

your thoughts much appreciated.

Edited by hiker, 14 March 2008 - 06:24 PM.

Hiker-Good questions, but I think you already know that the internals point to the Jan. low geting smoked-and that's good enough for me. Breadth leads price, does it not?