Thursday, October 14, 2010

NYSE Breadth's Bullish Setup Suggesting A Retest Of The April Highs

Stocks, an important movable asset, are following historical precedent during periods of devaluation by trading higher. My primary breadth indicator has already breached its April 2010 high as price lags. This bullish setup suggests that the April price highs will be retested soon.

NYSE Composite and NYSE Breadth Measures:

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