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 ($NASI) remains in an uptrend overall, but the indicator hit resistance near the February high and turned lower the last few weeks. A break below the 50-day moving average would be negative and a break below the support low would turn this Nasdaq breadth indicator bearish.
The Nasdaq Summation Index ($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.
No comments:
Post a Comment