Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Friday, September 14, 2012
NYAD Advance-Decline Daily Chart
NYAD Advance-Decline shows the Draghi and Bernanke bazooka's that occurred in the green square. Despite all the fire power, none of the recent days could print above +2000. The circle shows the Draghi original announcement on 7/26/12 about supporting the euro at all costs; that resulted in the NYAD printing about +2200. Far lesser good news and market events resulted in previous spikes well above +2000. Watch to see if stronger +2000 prints occur in coming days and weeks, or not. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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