[JimStudent]

Attached is the New Highs / New Lows charts.

Can you educate me about the 52 week new high. From looking at the 52 week high being above it's 50 day moving average, I would say everything is bullish.

"MacNeil Curry, Head of Global Technical Strategy at Bank of America Merrill Lynch," sees the 52-week high differently.

"If you look at new 52-week highs, that has slowly been declining," says Curry. "If you look at the percent of stocks in the New York Stock Exchange trading above their 200-day [moving average], that is starting to decline." While that in and of itself doesn't mean a correction will occur, it increases its probability, says Curry." http://finance.yahoo.com/blogs/talking-n...10397.html

I appreciate insights on how to interpret the 52-week highs.