Registered: 1101777014 Posts: 4,458
Reply with quote #1
Well, I had my narrative all set and done and had my browser crashed on me.
The main emphasis for this week is that the Ratio Adjusted NYSE breadth McClellan Summation Index was not able to move above the +500 level having topped out at +498 on December 21st, and the NASDAQ advance/decline line was not able to move above its 200 day EMA (1% Trend). It will be important for the bulls to stabilize and then turn things around by the end of next week or the month of January will be a sluggish one. Otherwise, very little changes took place last week...watch the precious metals for a make or break. Have a great week and may your best trade in 2012 be your worse one in 2013!! US Equity Markets : US Interest Rates : US Real Estate : Precious Metals: Australia: England: Germany: __________________ Dave's LinkedIn Profile Technical Watch Twitter Page Technical Watch Facebook Page "As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan "An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan "What we see depends mainly on what we look for" - John Lubbock "The eye sees only what the mind is ready to comprehend" - Henri Bergson “Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977 "You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977