Golfin, the NYAD is showing health right now--not weakness. Your chart does not indicate a top--just the possibility. So in some instances, the current configuration would precede a decline. In many other cases when the NYAD looks just like now, the market will continue higher--sometimes after a brief consolidation. Look carefully, examine all the details. I'm not messing with you although sometimes it seems like it. I'm telling you the truth as best I know it.
Regarding the NYLOW chart: You would be hard-pressed to find *any* significant decline where the NYLOW did not kick up significantly. When it is flat down, major declines simply do not occur. I invite anyone to prove this wrong. There may be a rare instance here or there but I have not found it.
Ted
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