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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, January 2, 2013

$NYA, $NYAD new highs, but the pattern shows negative development on the big picture

market surge on fiscal cliff deal.
$spx moves up from the lower black channel line at 1398 as expected - see Dec 31, 2012 post.
$NYA, NYSE Composite Index, the largest index in the world, made a new high.
breadth indicator $NYAD made a new historical high.
but according to the pattern, the development is bearish.
please let me know if you are interested in the big picture development.