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.
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A/D line
Started by
CLK
, Jul 07 2012 08:51 AM
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