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To: Cynic 2005 who wrote (15043)2/8/1999 8:38:00 PM
From: Wildstar  Respond to of 44573
 
MMV,
I plotted an expression of the NH/NL versus the Dow on my webpage and it agrees with your experience. You can clearly see it as a leading indicator for the August correction, especially the 50 day moving average of what I called the "fraction NH's."

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However, I am not getting such a signal right now. I think that we may need one more "thinning out" rally before the signal appears this time.