Saturday, August 03, 2013

Alex Elder, MoneyShow.

Dow still in up trend, but forming bearish divergence; when NASDAQ stronger than Dow, bullish for all markets, vice versa.

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New high new low indicator.  2500 (>500 every day).   Bulls have at least a few more months.

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Daily chart with 3 different lookback periods: 1 year, 3 months, 1 month.  1 month worked accurately in the past 2.

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