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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Thursday, 5 April 2012

NYAD

Nce chart from Geno

 
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2 comments:

  1. Anonymous5 April 2012 at 16:30

    Notice that the cumulative NYSE A/D line broke out to NEW HIGHS back on January 10th and never looked back. And yet all of the Perma-Bears were shorting relentlessly after the breakout, even Prechter at 1295 SPX. And they did ALL of this during a monster uptrend in which the SPX closed ABOVE THE 10 DAY MA for days on end!

    It cracks me up the way people refuse to LISTEN TO MR. MARKET, because of their preconceived bias.

    The proof is in the chart posted by Geno.
    But all of "Top Pickers" and Perma-Bears can't help themselves. They have no idea how to make money in an uptrend.

    :)

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  2. Chartrambler5 April 2012 at 18:05

    Mike you are welcome to post technical observations here but without the rant and personal attacks.Its boring,unproductive and repetitive.
    I agree its a really useful chart and definitely one to keep an eye on.I also watch the BPI for similar reasons,one of Ron Walker's favorites.

    ReplyDelete

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