NYAD NYSE advance-decline daily chart shows the November sell-off ending at a negative print of -2200-ish and a bottoming of the 10 EMA at -600. The print from the 3/10/11 sell off is now at -2045 so it is reasonable to expect a dead cat bounce considering the big thrust down, but, at the same time, business is unfinished to the downside. The 10 EMA is now only at -256 so it will need to move down and a print of -2200 would be expected to place a temporary bottom in the selling.
In other words, despite any bounces that may occur, the broad markets should want to continue to sell off until the above levels are hit. 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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