This indicate the internal condition of the markets is still weak.
The New York Advance/Decline Line is still trending slightly lower.
The New York High/Low is still heading lower
The NASDAQ advance/decline is still heading lower
And the NASDAQ new high/new low is still heading lower
These are not bullish charts in any way.
1 comment:
The decliners reflect the reality of the situation. The big boys are doing everything they can to shore things up and spark a rally. When real drop comes, (IMO, the structure holding everything up is very weak and the top is too heavy - the big drop will come), the big guys are going down hard. Sometimes, the numbers suck.
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