Charts 6-11-09

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Markets Diary: Closing Snapshot
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Wednesday, June 10, 2009
NYSE Latest
close % Chg from
65-day avg Previous
close Week
ago
Issues traded 3,150 -0.5 3,154 3,154
Advances 1,390 -22.1 1,839 848
Declines 1,656 27.3 1,200 2,212
Unchanged 104 33.0 115 94
New highs 18 131.7 11 12
New lows 3 -83.6 3 2

I know it may not seem like much, but i have watched this for some time! Look at the new highs on the nyse. a week ago 12 ...tuesday 11... yesterday 18(on a sideways to down market ,no less!)I have found new highs and lows to be an excellant indicator of the trend of the market.Last March, new highs were around zero and new lows were over 800!!! The important thing to take away from this is tho very slight, new highs continue to slowly expand,while new lows have not. When we top out and begin to head south ,you will see a change in this behavior..and we just havnt seen it yet! FWIW

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