I am still feeling out some new tools, however attached screen shot of NYSE
Common Stocks only shows:
Turn in the +- ADX but no crossover
Confirmation of high by A/D line
New high in number of stocks rate "A" followed by decline in number of "A"
stocks but no sign rise in stocks rated "E". Stocks are rated A (best
20%) through E (worst 20%) based upon
accumulation/distribution characteristics.
Non-confirmation of price high by the "A" + "B" stocks but no major
deterioration and A+B stocks still above 10 day MA
Volume bars show decline on low volume
I'm seeing similar case for most indexes
except DJIA and SP100. This suggests that we don't have the deterioration
required for a full scale decline. Of course this could change within
days.
