2 TRADING CHARTIST

[TREND1]

5/10 New highs on the NYSE hit 152 yesterday, the
highest number since the end of January. On top
of this, the NYSE Advance/Decline Line (A/D) has
taken out its previous high set back on April 18th,
closing at all-time highs today. That’s a big plus
for the market. As you know, the A/D line in the
majority of instances has topped out well ahead of
the major averages at pivotal turning points