Anyone else see the adv/dec (cumulative) line's divergence with the Nasdaq Comp.? Here's what I mean...the AD line put in a top in Dec 2004 just as the index did. But since then the index has recovered (and just barely surpassed) that top while the AD line has done nothing of the sort. It is much lower. In fact thebottom the AD line put in, in late April (2005)was lower than the bottom it put in in August 2004. But on the index, the April 2005 bottom was significantly higher than the August 2004 bottom. Here are some charts so you can follow what I'm saying: Nasdaq AD Line (bottom one with 1 year view) Is this a warning signal or what? BTW I'm using Nasdaq stats on purpose because NYSE internal data is shot to hell with CEF/ADR/PRF/bonds, etc.