2 thoughts on “REASONS WHY I DON’T THINK THE MARKET IS READY TO TOP YET

  1. Dang

    Gary,

    One red flag I see is the $NYA200R, it seems to have broken the trend of higher lows. The 4 week is at 56 (ish), which seems to be a pretty low number of compainies above their 200sma.
    But I’ll leave the tea leaf reading to you, I just happend to notice it and was wondering what you might think.

    1. gary Post author

      I’m not sure what to make of it. The NAA200R has been making lower lows for over a year but tech is still performing well. Maybe it’s just a divergence that will continue to build until eventually we do get an intermediate top and hard correction.

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