Thursday, November 20, 2008

Market Breadth

Yes the patient is still breathing, but just barely.

The NYSE Advance-Decline Line vs. the SPX
Note the divergences back in 1998-2003 and currently.
It still looks like we have farther to go on the downside.
Click to enlarge.

2 comments:

deborahfisher said...

George, I think it's hilarious that this blog is for entertainment purposes only!

George said...

Deborah, I suppose some of my readers think I'm hilarious for other reasons. Sometimes the only way to survive the current markets is with a sense of humor. Thanks for the comment.