Subject: Re: Nas NHNL signal
NHNL is in part a breadth signal, and what it's showing at the moment is that the current recovery is not broad; which is, I believe correct on other evidence as well.

What it portends, well, that's the question, isn't it? It could broaden, or it could fizzle. If I had new money to invest I might wait to see which of those turned out to be true. But the other two canonical bear-catchers are (narrowly) bullish, and we just had a rare Coppock Buy signal, so I don't think I'd be selling anything to raise cash.


Baltassar