RSSMarket Breadth & Internals Fighting an Uphill Battle
By John C. Lee | November 17, 2008 | 11:59 AM | 0 Comments
Both the Advance-Decline and New Highs-New Lows lines have been declining during the time spent in the current neutral range. This suggests that we may have some serious problems coming if we keep hitting new lows. New highs remain only in the single digits out of tens of thousands of stocks. You can also see that the $NYAD is only one-day from breaching its low while the $NAAD has already breached and pulled back and will likely head lower. I provided a VIX update on my blog and that too suggests that the market may be heading lower given that the indicator is forming a bullish ascending flag.
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