This chart is from Strategas Research technician Chris Verrone. A very interesting technical indicator from a top technical analyst (click on the chart to enlarge it).
The bottom line is that number of stocks hitting new annual highs is falling, and that sort of thing has preceded some of the recent dips we’ve seen in stocks -- as in October 09 and January 10.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
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