2 replies to this topic

[rkd80]

Can anyone comment on how we have the highest number of new NYSE Lows in over 3 years? Usually these readings come in after substantial sell-offs and mark ST/IT lows. There are also other readings like: $NAHL, $RHCOMPQ which are showing readings that show up around major bottoms. I havent seen this kind of disconnect between price and indicator since this bull market began. I just dont understand what this means....

[ogm]

Can anyone comment on how we have the highest number of new NYSE Lows in over 3 years? Usually these readings come in after substantial sell-offs and mark ST/IT lows.

There are also other readings like: $NAHL, $RHCOMPQ which are showing readings that show up around major bottoms. I havent seen this kind of disconnect between price and indicator since this bull market began. I just dont understand what this means....

If you look at the NYSI, it has been falling apart for weeks already, A lot of stocks were declining, and were aparently close to their lows. The market was powered by a small group of large caps, that carried the indexes. Now that the cows are coming home to roost.

[Rogerdodger]

351 new lows is fairly big. But there are bigger...
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=9&mn=3&dy=0&i=p78746082770&a=112797665&r=9039.png