Recently, we pointed out that the daily New Highs on the New York Stock exchange were
not behaving in a fashion that suggested a healthy rise in the market.
We commented that healthy rallies had buyers chasing stocks and bidding them
up higher ... which in turn pushed the number of stocks reaching New Highs
up higher in a trending fashion.
Take a look at the New Highs below. There is NO up trend going on, which
is a red flag to be concerned about.
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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.
Circle Us