Printer Friendly

eMail Article

August 12, 2009

Still Positive, but Weakening?
by Marty Chenard

It is probably not a bad way to describe the market right now ... still positive, but weakening.

Let's look at two indicators today. The first will be the NYSE's Declining daily volume. On today's chart, we inverted the declining data so that it tracks with the actual movement of the NYA Index.

Look at the chart and note how the NYA Index pulls back when the NYSE Declining volume goes below our zero line. If you have a keen eye, you can see that there is one exception ... when the NYSE Declining volume goes below the zero line WHILE our zero based Relative Strength is still positive, then the Declining volume loses its power to cause a serious corrective move.

So, where were these indicators yesterday? Our NYSE Declining Volume dropped and closed very close to the zero line, so a caution is in effect.

At the same time, our zero based Relative Strength was STILL positive. However, it was dropping pretty fast, which isn't a problem yet ... BUT it will become a problem if it keeps dropping and goes Negative. (This data is part of our Multi-Indicator model seen in Section 3, chart 4 on our paid subscriber site.)

*** Feel free to share this page with others by using the "Send this Page to a Friend" link below.

Do you have a friend or fellow investor that you think would appreciate receiving a link to this page of "Today's Analysis"?

If so, simply click on the link below to quickly and easily forward an email link. It is completely private, so we won't even know if you send one.

Send This Page To a Friend

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2009 Marty Chenard

Image rendition and html coding Copyright © 2000-2009 SafeHaven.com

« Opinions expressed at SafeHaven are those of the individual authors and do not necessarily represent the opinion of SafeHaven or its management. Articles are available via RSS/XML. Please visit RSSHelp for instructions. »