Chart Ideas

[rimshot]

daily NYAD values in histogram format (gold) with the smoothing line using the 8-day simple moving average shown in blue -

* to distinguish readily from the chart versions shown in the reply-to post...I have colored the chart background

* NYSE Composite Index - for the upper portion of the chart, I have selected several near-term price levels
which are highly significant in 2011 based on:

1. intraday price action, or

2. daily closing prices

(fyi - $8064.86 was the week's intraday low for the week ended March 18, 2011 .... $8161.17 the week's intraday high .... $8116.40 the week's close on March 18)

* below the 60% level for the NYA200R is definite and absolute Confirmation
that the NYSE internals have broken
the current uptrend ... using this one data element by itself

you can see the NYA200R is now below the 80% bullish confirmation or overbought level (depending on your trading timeframe),
and some distance above the 60% level ...

so patience and vigilance is now highly important for the trader and the chartist to objectively monitor
the future daily changes for the various NYSE, SPX, Nasdaq internals and breadth statistics