Thursday, December 27, 2012

Last week on Dec 19th, I posted this custom indicator of ours which has been great at identifying at least short term tops in the market when the NYAD forms a negative divergence with respect to the S&P 500 - see the past examples. Anyway last week it was giving a warning sign for the market and a pending pullback, clearly this Fiscal Cliff fiasco in Washington has been a major catalyst, however you can't argue that the chart wasn't set up for a pullback ahead of time!

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