Replies to post #242364 on Zeev's Turnips Patch-No Politics (ZEEV)

[lemming]

Zeev,

For what it's worth, according to the distribution counts (a la IBD), the NASDAQ reconfirmed its breakdown again last Thursday. The DJIA and S&P 500 reconfirmed theirs again Friday.

-David

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As of the last close:

Distribution count (major distribution in []):

NASDAQ: 5 ( [4/20], 4/27, [4/28], [4/29], [5/6] )
S&P 500: 5 ( [4/20], [4/28], 4/29, 5/6, [5/7] )
DJIA: 5 ( [4/20], [4/28], 4/29, 5/6, [5/7] )

Index status:

NASDAQ: 4/21 rally attempt BROKE DOWN on 4/28
(Recent breakdowns: 3/10, 3/11, 15, 3/22, 4/20,
4/28, 5/6)

S&P 500: 3/25 rally BROKE DOWN on 4/20
(Recent breakdowns: 3/15, 3/19, 3/22, 4/20, 5/7)

DJIA: 3/25 Rally-attempt BROKE DOWN on 4/20
(Recent breakdowns: 3/10, 3/11, 3/15, 3/19, 3/22, 4/20, 5/7)