There has been much speculation recently over when the Dow Jones Industrial Average will cross the 13,000 milestone. Below we have highlighted the Dow and it's 10-Day Net Advancers and Decliners. We noticed the weakness during the February sell-off and also the strength with which it rallied back. As far as the 13,000 mark, however, the A/D line says we may have to wait.
Interesting, that a "round number" on an index of 30 stocks gets so much attention and fanfare, while (quietly) the more important NDX breaks through a triple top resistance without ANY notice or "respect". Hmmmm
Posted by: Frankie | April 25, 2007 at 06:26 AM
That is interesting Frankie, although the importance of the NDX is a matter of opinion, its breakout should be noticed.
Posted by: FlyingBird | April 25, 2007 at 09:23 AM