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Thursday, June 30, 2011

Lead, follow, or get out of the way

Lead, follow, or get out of the way, Thomas Paine.

This setup was flagged by the computers this morning. Bears or bulls wearing short pants would be wise to recognize the bullish divergence in AD(E). AD(E), a measure of market participation and similar to trend energy, has broken it's short-term down trend and traced out a pattern of higher lows relative to price.

NYSE Composition and Market Internals

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