The NYSI cumulative works well for catching major long term trends in the market. It's not perfect and gives whipsaws from time to time, however on the flip side it wil catch trends that last for many months. Therefore in the future this chart will be one to monitor; as you can see it has never generated a sell signal on the whole move up. Now realize that this indicator lags, it is not an indicator to pick exact tops and bottoms, i.e. they have to be in the rear view mirro, however it is one to look at for long term trends. See chart.
Here's a dynamic link to the chart
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