Please see TTheory.com for this weekend's update. I discuss prior gold and silver tops, and Terry examines my chart showing the 70-week moving average as strong support for the S&P.
What are third places? How do I find one? - Vox
10 hours ago
The 70day MA chart is awesome!
ReplyDeleteSo, you're looking at April 27th +- for a top in the AD. How does that usually correlate in the actual DJIA/S&P Index price? Does that also mean looking for a top in stocks also?
Thanks, Brian
Hi Brian
ReplyDeleteThanks for the kind words.
The AD line topped a couple years(!) before price at the 2000 top.
The AD line topped 4 months before price at the 2007 top. I would note that price only made token new highs in 2007 after the AD line topped.