Monday, March 22, 2010

Slight rally in the markets today...



Only the $NDX made a marginal new high, all of the other indexes failed to do that, most appear to have been rolling over near the close...

The $SPX stayed under it's trendline and showed negative divergence implying further weakness. The $NDX today bounced off of it's trendline, but showed weakness into the close. The general trend of advance-declines is of increasing weakness as charted here yesterday...so we will see what happens tomorrow...

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