4 replies to this topic

[airedale88]

sell signal remains in effect. INDU should bottom near the lower 4% envelope.

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=6&dy=0&i=p23242174874&r=5986.png



NYSE 21 day adv/declines remains weak

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=6&dy=0&i=p50966274753&r=2413.png



also confirmed by NYSE 21 day up/down volume

http://stockcharts.com/c-sc/sc?s=$NYUD&p=D&yr=0&mn=6&dy=0&i=p50966274753&r=6665.png

[marco]

sell signal remains in effect. INDU should bottom near the lower 4% envelope.

Hi, what indicator are you plotting there? I've never seen a chart like that. Thanks.

[airedale88]

it's a 21 day simple moving average of the daily NYSE advances minus declines.

[rkd80]

is defintely bothersome that the NYUD is moving sharply lower despite the double bottom in price. ari, you expect the envelopes to be tested by end of july?

[airedale88]

yes, at the expected nest of cycle lows.