I would not park any long term money short until there was a higher retrace high in price with a lower high in NYAD on an intermiediate term basis. The 2000 top was not as clean as it was most likely the start of a 4th wave and price went up another 10% before moving down even though NYAD was lower. Nevertheless, the NYAD signal is a must, before calling a new bear market. As of right now, NYAD is at new highs while price is not, so any move down from here would be nothing more than a correction.
Started by CLK , Jul 07 2012 08:51 AM
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