Cumulative new highs subtracted by new lows has been signaling the green light to start going short again. Since July 2007, or the peak before the '07 top, this indicator has not generated even 1 consecutive multi-day "rally" in both the Nasdaq nor NYSE issues. The pattern looks like multiple waterfalls with no bottom in sight.Even though the signal is not accurate at spotting the exact day of the intermediate-term tops, it does help identify a specific range that turns red again at or very near the top.
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