I can't tell you how important the new high ratio is to the market. Today we had 18 new lows, bringing the 10 MA pointing down. We had 200 new highs. This means we have to to break through the 678 new highs before we can go higher. We set this date on 4/26/2010. Until these new highs can be broken i will be looking to short not get long.
Tommorrow I think the market will punish the weak shorts.
Keep watching MPEL.
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