To: Hawkmoon who wrote (78374 ) 8/24/2011 6:30:14 AM From: Hawkmoon Respond to of 218070 Another analysis on the C-RSI on the NYA from Chenard.. Not sure how long this link will last..stocktiming.com 1. That the Red and Blue trend lines are now merged, so this is a testing point for the Bull market. This is the second time the Red line has touched the Blue line during this Bull market. The reason we point that out, is that the two previous Bull markets on the chart, also had two touch points before the market went on further for its third and last legs up (before turning into a Bear market). *** This time, there is a difference in this merging of the trend lines, because the C-RSI is now negative while it was positive during the same event in the past Bull markets (the C-RSI reading is not shown on this chart, but it is shown on the Advanced and Standard web sites in Section 5 and updated weekly).So, that says the market stress level at this stage is much higher it was at the same stage in previous Bull markets. 2. Another important thing to note is the historical importance of the 1103 S&P level. Take a quick look at the chart and you will see that it has historically been a level where the market consolidates and re-tests the existing trend. In fact, we were at that point two weeks ago when the S&P dropped to 1101.21 which was 0.1622% below the 1103 level. Therefore, we are back to that critical 1103 level where trending below it would indicate a new Bear Market ... and for the Bull to resume, we will need to make a new high above May's highest daily tick level. So, this is a testing level, and if you look at the chart you will see that prior testing events of this level took at least two to three months to work through. So the message on this chart is to be cautious and patient while the market tries to heal itself from the recent damage. Interesting reading.. Hawk