[isatrader]

The faster 1 Percent by 1 Box Reversal NYSE Percentage of Stocks above their 150 Day Moving Averages chart continues in it's short term downtrend. The standard 2 Percent by 3 Box reversal chart also dropped another box and is now only 1 box from moving to "Bear Confirmed" status. However, for the time being it still remains on Bear Alert, but is now below the key 70% level for the first time this year. Research suggests that if it drops to 60% that we will usually see the 40% level reached before the 80% level is next reached.