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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Thursday, January 10, 2013
NYHL NYSE New Highs-New Lows Daily Chart
The NYHL shows how the new highs are decreasing as new highs in the market occurs, a divergence. The three green circles corresponds to three recent highs in the markets. The red circles show where the lows came to life and identified market bottoms in June and November. The divergence would be consistent with a market topping. As the broad indexes print higher and higher highs, less new highs are occurring, unlike in 2012 when new highs were building thru the year. 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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