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Tuesday, April 2, 2013

Don't Ignore This Chart or Die!!!!!!!!!!!!!!

Arthur Hill, Don't Ignore This Chart, 4/2/2013. Arthur, did you not notice that the NYSE Summation Index has already broken below its 50-DMA?

The Nasdaq Summation Index ($NASI) remains in an uptrend overall, but the indicator hit resistance near the February high and turned lower the last few weeks. A break below the 50-day moving average would be negative and a break below the support low would turn this Nasdaq breadth indicator bearish. 

130402nasi

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