wobbly wednesday, page-10

PB, thanks, interesting stuff. If you accept the ad movements as the prime measure of the health of the market overall, then these markets have already topped. Just goes to show that the indexes aren't the market. One of my newsletters points out that in the usa, the nyse ad line has reached a new high ahead of the price index in every one (bar one) of the past corrections but this time is not yet making a new high and is lagging the price index.