Monday, August 13, 2007

Market Internals Are Still Weak

These charts are from stockcharts.com

This indicate the internal condition of the markets is still weak.

The New York Advance/Decline Line is still trending slightly lower.



The New York High/Low is still heading lower



The NASDAQ advance/decline is still heading lower



And the NASDAQ new high/new low is still heading lower



These are not bullish charts in any way.