Barnsty might have called it here.
NDX did not retrace as much of the bull percentage wise in 2011 as it did in 2010. McLaren has a prerequisite for the ending of a bull trend that an index does increase its percentage retracement ("overbalance of price"). That prerequisite has not been filled for NDX.
Perhaps Apple is gearing up for a charge up and that would take NDX over 2440 and out of what I had thought was a 270 day distribution but may in fact be a consolidation as Colin Twiggs suggests in his latest blurb.
Don't be shy folks.
paddington bears - bend at the end tuesday, page-2
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