Chart Ideas

[rimshot]

selected NYSE internals to accompany the NYSE breadth charts in Post #273 -

Post #273 -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62622098

comments for the July 7, 2011 close:

* today's 469 new 52-week price highs for the NYSE (NYHGH) represents a new high for 2011

* today's 910.62 level by the 8-day moving average of the NYSE number of declining issues (NYDEC) represents an absence of decliners not often seen since 2009 ... a continued absence of decliners will confirm the current near-term bullish trend by the NYSE internals

* NYSE price action (NYA) -

$8563.08, 8487.70, 8389.87 are the levels of prior lower highs which need to see upside violation by daily closes to confirm a bullish trend for the price action

$8563.08 and $8487.70 remain above the current advance by daily closes... as of the July 7th close ($8476.13 = the July 7th close)


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this simpler version of similar data since March will facilitate:

1. monitoring the NYA's price action vs. the $8563.08, 8487.70, 8389.87 prior lower highs

2. monitoring the trend for the NYSE's number of declining issues (NYDEC)

3. monitoring the trend for the NYSE's number of new 52-week highs (NYHGH)