We are building up another stack of new highs, or we could be still coming down from the last stack. The way the math works out on this indicator a close with above 188 new highs today would issue a buy signal on the NYSE. We already had one false flash on the RUT a couple of days ago. In the event we don’t make the 188 today, Friday has to make 44 on its stunted day. Next Monday would be a goal of 46. So it is interesting that if this could confirm what we are seeing on the 40% DMA index we could get another buy signal before too long.
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