Since the last post the NYAD has completed an uptrend, a downtrend, and is now in a new uptrend. These trends, as you well know by now, are the significant waves within bull/bear markets. After the recent July10-Mar11 uptrend concluded we reviewed the weekly chart, and adjusted the bull market count as noted. Project, monitor and adjust.

This count suggests the NYAD will be completing Major wave 3 of Primary III when this current uptrend concludes. This also happens to be the same count as the major indices. This also suggests the SPX/DOW should be heading to new bull market highs shortly, along with the NYAD. These charts are posted on page 6 of the following link:

CHARTS: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1606987

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After about 40 years of investing in the markets one learns that the markets are constantly changing, not only in price, but in what drives the markets. In the 1960s, the Nifty Fifty were the leaders of the stock market. In the 1970s, stock selection using Technical Analysis was important, as the market stayed with a trading range for the entire decade. In the 1980s, the market finally broke out of it doldrums, as the DOW broke through 1100 in 1982, and launched the greatest bull market on record.

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Copyright © 2011 Tony Caldaro - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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