3309 Drysdale Ct
Edwardsville, IL 62025
Reflecting percentage of stocks above 200 day not as strong as previous highs
Not even close to the strength at earlier highs but we need a sharp brief pull back and then one final thrust up that really shows lots of non confirmations IMO.
rbreese, I am thinking along the same lines.
If we get a pullback and a final thrust up, I am thinking that will be a significant top.
I just saw a similar chart for the NASDAQ.
Subscribe to our email list for regular free market updates as well as a chance to get coupons!
DecisionPoint chart
Posted by lrhoades on 19th of Aug 2012 at 01:39 pm
Reflecting percentage of stocks above 200 day not as strong as previous highs
Not even close to the
Posted by rbreese on 19th of Aug 2012 at 02:02 pm
Not even close to the strength at earlier highs but we need a sharp brief pull back and then one final thrust up that really shows lots of non confirmations IMO.
ditto
Posted by dallassteve on 20th of Aug 2012 at 09:36 am
rbreese, I am thinking along the same lines.
If we get a pullback and a final thrust up, I am thinking that will be a significant top.
I just saw a similar
Posted by sbwoman on 19th of Aug 2012 at 05:16 pm
I just saw a similar chart for the NASDAQ.