hiker
TW Member
Registered: 12/01/04
Posts: 8,716
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| | 11/05/09 at 04:48 AM | Reply with quote | #2 |
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Nov 4
chart of the daily NYAD (breadth) since 2008, with a plot of the NYAD's 8-day moving average vs. the recent horizontal extremes:
* examine the lower three data elements in this chart relative to their configuration:
when the Nov 3 & 4, and the June and October, 2009, levels for the 8-day moving avg. of the NYAD resided at -550 area, or lower
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* will the average daily breadth now return back toward the zero line as it did in June and October?
* the lowest data element in this chart needs to hold its August low, and eventually return to an upward bias
Attached Images:
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