An Important Day

By: Marty Chenard | Tue, Sep 30, 2014
Print Email

This will be an important day because a formidable battle is going on.

Institutional Investors have been in Distribution, and the Fed will step up to the plate today and try to avert any negative consequences.

This battle is actually reflected in the action of the NYA Index as seen below. Note how it recently made a lower/high. It is really important that it does not make a lower/low now and go below 10557.61.

Why is that? Because it recently made a lower/high, and if it now makes a lower/low, then that would signify a shift to a down trend.

NYA Index: Ascending channel



Marty Chenard

Author: Marty Chenard

Marty Chenard
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker. is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2017 Marty Chenard

All Images, XHTML Renderings, and Source Code Copyright ©