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To: Return to Sender who wrote (3815)	10/24/2014 5:22:08 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 8239

re market breadth: first, thanks for that extended explanation, and your excellent charts. 1. The surge in new lows when SPX recently dipped below its 200dma is to be expected. What was unusual, was the extended period before that, when SPX never went below the 200dma, with a very low VIX. During bull markets, corrections of 10% or more are routine. 2. The lack of new highs in September, when the market was making new highs, is worrisome. That should be followed. I expect SPX to make new highs within a couple of months. If the # of NYSE new highs remains anemic (less than 200), I will probably start looking for shorting opportunities. 3. If the Fed announces QE4, I will immediately close any short positions, and go 100% long. I will do this, no matter what the charts show. QE1, 2, and 3 were very inefficient at growing jobs or wages, but very efficient at growing stock prices. 4. The drop in oil prices, if sustained, has the same effect as QE4. The next recession may be caused by the next spike in oil prices. 5. I prefer simpler charts, and simple variables. New highs, volume, and % below the 200dma I can understand. Divergence too. Beyond that, it just seems to me it gets too abstract, with too many moving parts.