Summary:
INDU new high but COMPQ is close to 2200 resistance.
A few historical extremes so still expect a short-term pullback.
INTERMEDIATE-TERM: COMPQ IS CLOSE TO 2200 RESISTANCE
没啥新鲜的,SPX到1200都没啥像样的阻力,不过1.1.1 Nasdaq Composite (Weekly),离2200 resistance不远了。
Follow up一下:1.2.0 INDU Leads Market,终于high过9794了,当然还需要close above to confirm。1.2.1 Dow Theory: Averages Must Confirm,TRAN还没有confirm INDU new high。不过可能会catch up。俺的感觉,big caps lag,可能算bullish,表示大家都不怕risk。7.5.5 US Market Relative Strength,很明显,RUT > NDX > INDU。
SHORT-TERM: EXPECT A PULLBACK
Market很牛,啥indicator都不灵了,因此今天就看看几个historical extemes吧,兴许有点用。下面所有的图,蓝线都代表SPX,大家可以看看这些extreme后,蓝线的表现:短期都有pullback,但都不是大盘的顶部,因此结论是short-term bearish(Hopefully),intermediate-term bullish。
Telechart的T2111,NYSE percent of stocks 2 standard deviation above MA200,继续all time high。第二幅图是过去all time high时发生的情况,注意看蓝线。
Telechart的T2112,NYSE percent of stocks 2 standard deviation above MA40,all time high。第二幅图是Zoom in的情况,注意看蓝线,前两次new high时都发生了pullback。
Telechart的T2103,Zweig Breadth Thrust from Telechart,all time new high。第二幅图是过去all time high时发生的情况,注意看蓝线。
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