Not much time again to blog tonight but I have been doing analysis between fishing outings. I’ll try to sum up anything odd that I see tomorrow evening. The market advance-decline lines are finally at extremes.
Chart courtesy of Stockcharts.com
The McClellan Oscillators appear to be losing momentum down which should help the expected up move. Again, this move back to overbought will determine the next move of the market. If we do not have significant price movement before becoming overbought then this market is in serious trouble.
Post Modified: July 2nd, 2008 at 11:21 pm
Tags: Advance-Decline · Market Internals · McClellan IndexNo Comments
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