Tuesday, July 10, 2007 12:09:45 PM
$NYA traded to above 10100, new high, yesterday. As shown on the $NYSI breadth chart, it is continuing to show negative divergence, making new low on weekly.
Neg Divergence can last long as we have seen it for the last several months.
Having 3 months pull back into Oct 2007 low will set up a good buying opportunity after resetting N.D.
Neg Divergence can last long as we have seen it for the last several months.
Having 3 months pull back into Oct 2007 low will set up a good buying opportunity after resetting N.D.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
