MDA - Market Direction Analysis

[Zeev Hed]

I see many indicators topping, some of them hard (like the SOX). What is strange is that the NYSE internals are somewhat worse than the Naz, except the Sox, which has gone crazy (it is ready, IMTO to sink and maybe even hard to the 184 in the next 6 to 9 months). I think that the way we got here (a lot of the garbage penny stocks running) is more symbolic of a major top than a breakout.

Zeev