Advance - Decline : Very Interesting Indicator !!!!!!!!!!!!!!! Is the market close to a TOP ???

TRADCANY Index
Bloomberg Cumulative Advance-Decline Line for NYSE Securities


Please see below

The line has for the first time since March 2009 - dropped out of the green parallel channel line.
This is a sign that the market rally is losing steam and is close to changing direction.
I would stay alert for trend reversal in US Equities.


The April 2010 top is close to the upper side of the channel line while the Feb 2011 top is close to the bottom part of the green channel line.


We are seeing signs of a slowdown in momentum here.


TRADCAN2 Index
Bloomberg Cumulative Advance-Decline Line for NYSE

This line also has for the first time since Mar 2009 dropped out of the white parallel channel.


This is a sign of slowing momentum and change of market direction.
I would like to stay alert for a drop in the market in US Equities in this year.


TRADCAAM
Bloomberg Cumulative Advance-Decline Line for American Stock Exchange

This line also has for the first time since Mar 09 dropped out of the white parallel white channel.


Let us monitor how this pans out.