In this chart, prior A/D (peak/trough/breakouts) coincided with either a market price that was higher or fractionaly
lower. In each of the 2 prior instances the Fib extended from bottom to top. With the extreme divergence of price with the A/D
as we have now(the first was followed by the flash crash), and that the Fib has reached double of the breakout( I don't think
it will extend due to the price divergence) we are due a serious correction.
NYAD
Started by
CLK
, May 08 2011 08:07 AM
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