Steve, both my NYSE and NASDAQ Intermediate models have been moving downward lately. The NYSE model just hit zero, a dead neutral interpretation. Anything below zero is bearish. My Nasdaq model isn't much better: it registered a +.13 today - the lowest it's been in quite a while.
Why? Breadth has stopped expanding and is starting to contract. My Micro-trend indictors now hold the balance here. Another down day may be enough to put both models in negative territory.
long drooy at $2.59 at a 6.18% discount to last sale. it isnt acting contrarian today so im not quite sure what to make of that, but bought it anyway. steve
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