6 replies to this topic

[eminimee]

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=5&dy=21&i=p05894504483&a=110673659&r=6786.png

[n83]

do you see similar divergence with the NYA itself? Thanks.

[eminimee]

n83..no..NYA made a higher low last week it seems.

I've added the nya to that chart posted.

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=5&dy=21&i=p29742975077&a=110673659&r=8777.png

[OEXCHAOS]

I think I'd be very, very cautious while that's below the 34ema. The cum ad vol has turned back down, too. Mark

[Woody]

If you look at DP, Total Mkt MCO made a lower low.

[eminimee]

Gentlemen..remember..at this stage of the game (my count)....internals can looks pathetic and price will do it's best to do something on vapours. Watch price now....ignore anything else. Just mvho

[thespookyone]

Gentlemen..remember..at this stage of the game (my count)....internals can looks pathetic and price will do it's best to do something on vapours. Watch price now....ignore anything else. Just mvho

Point well made, Teaparty. When we rise on helium, internals can be pushed, even when awful, for quite some time. Into the holidays, helium volume is probably to be expected. The market fought its way up against bad internals for some time, including months of negative macd divergence, I think another week or two of topping is still a possibility. There is still near record high short interest (fuel), and most other places to park cash still look pretty uninviting-lets see what happens.

Spooky

Edited by thespookyone, 01 July 2007 - 09:05 PM.