Piker Charts
Top
Navigation
Market Qoutes

If you found this information useful or worthless. Please feel free to donate to Pikertrader.com, all donations go to keeping the site running. Thanks for your help!

Quote and Chart Search

You can search for stocks, futures,
and forex by symbol or name.
Market Trends

 

Forex Training Software for Traders


My Blog Roll
Subscribe to Retracement Levels

Advertiser

« Are the bears wishing on an inverted shooting star | Main | Divergence in NYMO »
Tuesday
Mar022010

NYAD makes a new high

DateTuesday, March 2, 2010 at 6:51AM

NYAD has begun to lead price action.  Yesterday it made a new high, so while there is is some bearish divergence in the market (see post below) the internals support further upside. In fact if the pervious pattern plays out the market could be in for another 3 months of upward movements.  Notice how each time NYAD dipped below it's 39ema and back up it has advanced for about four months.  Another strong up day could destory the divergences we are seeing and help move the market up.

AuthorPikertrader | CommentPost a Comment |
tagged in

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.