Market Breadth Data******************************

Saturday, December 16, 2006



Time for the half-monthly update.
By now it should not come as a surprise how well the CIT dates correspond to market turns.

A new target on the SPX was hit, and the picture continues to be bullish, although the negative divergence with $ flow, discussed a few days ago, still persists.

I’ve mentioned before the Zero lines which originated from the Summer 2003 down swing, and which have contained the current rally pretty well so far.
The 2003 swing lasted 58 days. 58*2.618 = 152.
7/18/2006 + 152 = 12/16/2006
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