Breadth is Firing a Warning Shot as One of the Trenders is Beginning to Blush…$Study

by TTT Hedge, Benzinga Contributor

December 28, 2012 9:14 AM | 1 min read | Make a Comment

Our Zweig looks like it wants to succumb to gravity and fall down into the mid to lower 40's looking for some support:

Our CVI still looks ok above the 15 DMA:

The 40 DPI is showing test:

Our New Highs / New Lows are not shaking in fear yet:

Our first trender is peeking red and that puts it into a bullish/ neutral stance.

Our Cumulative New Highs / New lows is saying there is plenty of room up here without changing the trend. We would expect some upside fight, at least, in here:

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Breadth is Firing a Warning Shot as One of the Trenders is Beginning to Blush…$Study