Sunday, October 17, 2010

Classic topping process?

http://stockcharts.com/h-sc/ui?s=$NAAD&p=D&yr=0&mn=9&dy=0&id=p63142002421

http://stockcharts.com/h-sc/ui?s=$NAUD&p=D&yr=0&mn=9&dy=0&id=p59912253828

These charts shows the NASDAQ going back to a recent previous high while the Advance/Decline issues and volume barely making it back half of the way.

From what I read, this used to be a symptom that showed up in a classic topping process, but with FED waves coming into play I am not so sure this time will not be different.

No comments:

Post a Comment