Thank you for the update. I am new to your analysis but am really impressed. Are there downside projections as well based upon this topping action? Thanks!

Just an observation: It's correct that the NYSE A-D line has not made new highs, but neither has the NY Composite Index that is the best comparison for the NYSE A-D line. Both the S&P and Dow A-D lines HAVE made new highs, so there is no divergence if you look at the relevant A-D lines.

YES AND LOOK AT BTC PRICE TODAY... 1 BTC =1 MM soon FEW UNDERSTAND THIS

robertknyc271 said:

Just an observation: It's correct that the NYSE A-D line has not made new highs, but neither has the NY Composite Index that is the best comparison for the NYSE A-D line. Both the S&P and Dow A-D lines HAVE made new highs, so there is no divergence if you look at the relevant A-D lines.

Sorry, Robert, but we can't make up new rules as we go along. Technicians have always compared the daily a-d line with the Dow or S&P for divergences. Traditionally there has only been one relevant a-d line, and that is the NYSE one. If you examine the a-d lines for secondary indexes like the Nasdaq, you will see all kinds of quirky behavior that does not match up with the corresponding index. Yes, there are legitimate arguments to be made about the NT a-d line, especially now that it included so many interest rate related issues, but no matter how you slice it, the comparisons to be made are with the DJIA, the SPX, and the daily a-d line of the NY Exchange. It's been that way for almost a century. There is no need to change the rules now. Let's be clear that this recent divergence is not necessarily a death sentence for the market. But anytime I see a clue of trouble with everything flashing cautionary flags, I'm going to pay attention...just like I did here!! :)

I think we have entered into a trading range going into Q1 earnings in mid April.