More on the NYAD tattletale

Here's a little 12 day chart of the 60 minute bars of the Qs and the NYAD, showing the relationship between the high bar NYAD open and the subsequent fade down in days 1,4,5,6,8,9,10 and 12. This is not a bullish pattern, as 8 of 12 days showed followup weakness.

Then, here's a little item posted through the Doc's twitter talk that's worth a careful read: http://news.yahoo.com/s/ft/20080219/bs_ft/fto021920081334359078;_ylt=AozoX8V3CwKFRV6c_RfR1f0E1vAI