The downtrend in the S&P 500 Cumulative A/D line has
been broken. This is the first sign of improving internals since the market
topped out (short term) in late December 2004.

S&P 500 Cumulative Advance/Decline Line

Spx_cum_ad_2005_short_1

Before major tops, a divergence between price and the a/d
line develops; That hasn’t occurred here. To quote Technimental’s Kevin Lane,
“you must respect the trend.”

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Quote of the Day:
  
  "Power
is not revealed by striking hard or often, but by striking true."   
~Honore de Balzac

Category: Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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