Yes, the Nasdaq certainly has not seen the TICK readings the NYSE has seen. I'm not sure how to interpret that as the move has been very strong, particularly in individual stocks, where I see case after case of extreme exhuberance. Nonetheless, I agree there is a greater possibility the Naz has seen the lows, as compared to the NYSE. The number of bullish divergences at 1106 Naz also supports this contention.
I am also looking to see the type of a pullback we get. Will we perhaps finally get a quick, capitulative swoosh down and break the Bear market pattern of a slow bleed. That would be interesting.
GT
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