Elder.com

Was lucky enough to attend a webinar last night with Dr. Elder. Some of the highlights were as follows.

The last time the MACD histogram was this high for the DOW was 2003. Monthly chart

The NASDAQ looks the weakest with a bearish divergence

AMEX is weaker than all the indices

We do have a new high reading on the new high new low index which is bullish long term but bearish short term. (Strong below the surface but way overbought)

The fact the DOW may new highs yesterday and the other indices did not is a sign of a late stage bull market.

We also have a 7 year high rydex/bull bear ratio.

He also shares my opinion for AAPL and GOOG. He currently is waiting on aapl which i am also and he is short goog.