Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Logain Ablar who wrote (43129)	3/3/2006 12:31:02 PM
From: Johnny Canuck	Read Replies (1) of 69149

Keep in mind the NYSE BP is a lagging indicator. The market will have turned by the time the NYSE BP goes to a '0'. The indicator is indicating the market is getting overbought as far as I can tell, but that state can go on for a long time. Does the declining slope of the most recent data on the chart have any correlation to the movement in the market? It indicates that the indicators is making lower highs.

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