NYSE A/D Ratio Musings

I continue to observe that NYSE A/D Ratio chart as it’s extremely interesting:

My musings about this signal cluster are available to all subs below:
[amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,13,9,12,5] We are obviously experiencing a series of long time highs here, meaning a lot of energy is being expended to keep the tape pushing higher. Now, I’m a bit split on the issue. In the face of three spikes above the 10.0 mark (on the A/D panel) shouldn’t we have pushed higher than just 100 handles on the SPX? The daily Zero is also in territory where I would be very cautious about taking on short positions. I think this thing has the potential to strike up a pretty painful short squeeze, no matter what they’ll tell you on those perma-bear blogs.

However, the sheer fact that so much energy is being expended with so such humble results leads me to believe that the forces at work may be pushing at a string here. I remain patient and will wait for clear bearish evidence, which I expect to slowly emerge early to mid September. Be patient and don’t be first in line to short this thing – this is bear hunting tape.

Cheers,

Mole
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