Nasdaq Advance Decline Line
The Nasdaq Advance Decline Line continues to show a lot of weakness in contrast to the NYSE Advance Decline Line that I normally show each week, and today the Nasdaq Cumulative Advance Decline Line began to test the swing lows that have formed since December in a developing Stage 3 pattern. So watch for a breakdown below the lows for a move into Stage 4.
Also on the chart is the longer term Nasdaq Momentum Index (200 day MA of the Nasdaq Advances minus the Declines), which is rapidly approaching it's zero line.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.