SMP99
Short

NYSE New highs - New Lows

15 week moving average of New highs minus new lows for NYSE. Readings below zero not been kind for SPY             .

Nice chart. High chance this round is not 2011 but 2008. And market has about 6 more months to decline (bottom in Q4 2016), coincidental with oil bottom, China bottom, dollar peak and rate final bottom, maybe coincidental with some emerging new technology/drug, etc. Oh well that is a lot to speculate...
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SMP99 PRO CosmicDust
Thanks and i agree. This surely isn't a 2011 style correction. I suspect before its all over, we will see a similar wash out in highs-lows as 2008. However its also likely from a price perspective that it does not get nearly has bad (% decline from top).
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