[pcabc]

Look at the difference in new-highs minus new-lows, for a clear difference.

I think they show quite a similar pattern too imo. Both had a big flush of new lows during the Stage 4s in both, and then at the end of May in both time periods during the pullback the new lows were much smaller in both.



Here's the NYSE Cumulative Advance Decline Lines just for comparison too. Which is fairly different to the 2012 chart.

Interesting, I see your point, it may just be a matter of scaling in my plots and also their scaling versus yours.  Anyway, if you turn out to be correct then that would be good for us all.