Long Term Haurlan Index Divergence
The Key Takeaway
While the NYSE's A-D Line is still making higher highs right now, the Long Term Haurlan Index is showing a significant divergence relative to prices. This is similar to divergences we are seeing elsewhere, such as in the McClellan A-D Summation Index that is featured in our twice monthly newsletter. These divergences are saying that even though the A-D Line may be making higher highs, it is not doing so with the same degree of vigor, which can be a setup for a meaningful intermediate to long-term correction.
Read more here:
http://www.mcoscilla...dex_divergence/
Real Rocket Scientist sees trouble brewing.
Started by
Rogerdodger
, Jul 17 2011 10:21 PM
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