Food for thought for the week-end.

The persistence of negative divergences is quite disturbing.

And here are some dates to accompany the chart below.

NB: These dates are different from the CIT Dates.

The Fed clearly achieved at least one of its objectives yesterday.
Buying pressure topped out at 100.
This is the exact opposite of what happened on 02.27.07,
when buying pressure declined to 0.
Such extremes are very rare events.

This particular indicator, mentioned recently, looks outright ugly.

A/Di and A/Dv have not been very supportive as of late.
On the bright side -- there is a lot of room for improvement.

It's hard to imagine a better illustration of the cyclical nature of markets.

A different overbought/oversold indicator with good track record.

It's hard to believe that these squares, which have their origin in the 2000 hi's, are still relevant.