Sunday, October 14, 2007 12:16:29 AM
Market Breadth is continuing to show strong momentum on daily/weekly/monthly DTL breakouts as shown below.
With moderate price actions during the OE week, the market breadth strength will sustain the uptrend.
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SPX breadth is also showing positive divergences with strong internal momentum after making IT low. The initial strong upthrust momentum resolves in price action follow through.
$NYSI breadth is showing positive divergence as the internal strength is breaking above the DTL. The momentum is usually followed by price actions.
Nasdaq internals are also showing positive divergences that the momentum is broken above the DTL resistance.
Nasdaq internals are also showing positive divergences that the momentum is broken above the DTL resistance.
Nasdaq breadth trading above down TL with positive divergence. The initial strong upthrust is followed by price actions.
With moderate price actions during the OE week, the market breadth strength will sustain the uptrend.
~~~
SPX breadth is also showing positive divergences with strong internal momentum after making IT low. The initial strong upthrust momentum resolves in price action follow through.
$NYSI breadth is showing positive divergence as the internal strength is breaking above the DTL. The momentum is usually followed by price actions.
Nasdaq internals are also showing positive divergences that the momentum is broken above the DTL resistance.
Nasdaq internals are also showing positive divergences that the momentum is broken above the DTL resistance.
Nasdaq breadth trading above down TL with positive divergence. The initial strong upthrust is followed by price actions.
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