Sunday, April 3, 2011

NYHL NYSE New Highs New Lows Daily Chart

NYHL new highs new lows show quite the bullish preference these past months. Notice how any time the NYHL comes up to the red line that corresponds to a market pull back. What do you think will happen now?

Conversely, the lonely old end of bear selling was only forecasted after last November's sell off with the low -100 print. Looks like a lot more work has to be done on the new lows side moving forward. The 20 MA remains under the 50 MA which is bearish for the indexes. Pull back in the indexes is anticipated at any time now. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

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