The A/D and the summation indexes

Discussion in 'Trading' started by michaelscott, Jul 23, 2007.

  1. The A/D and the summation are all giving off bearish indicators. The banks and the brokers are falling off a cliff. Slowly, one by one, each of the DOW components are looking more bearish. CAT and INTC were the victims of last week and now this week it will be AXP.

    Each day since April, less stocks are traveling over their 200 day moving averages yet the indexes inch higher.

    I've been hearing the words 1987 stated in many blogs. Only time will tell.

    The market breadth is very questionable. The $TNX is appearing similiar to the times in 1987.
  2. Really?

    Why then most people rush to buy dips?
    They gap up the very next day after the plunge.
  3. Till they don't and it will happen.