The NYA Index is in a Triangular Pattern ... Very Close to a Breakout

By: Marty_Chenard

A money battle is going on as Inflowing Liquidity levels are trying to keep the market up and Institutional Investors are resisting by staying in low Distribution and not taking Inflowing Liquidity's direction yet.

This should be a volatile week with higher than normal risk levels.

Below, we posted the recent tick action of the NYA Index (NYSE). Note that it is going through a triangular pattern which means that the NYA will make lower tops and higher bottoms until the Index breaks out in a direction.

A breakout typically occurs about two thirds into the length of the triangle, so we are very close to a breakout.

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By Marty Chenard
http://www.stocktiming.com/

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Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools.  As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL.  He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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