Speaking of new all time lies:
“Bear markets never, ever, ever begin when the A/D line is making an all-time high.”
Those are strong words, so I looked around to see if there was a time when the market fell 20% or more when the A/D line made a new all time high. And I found an example. Right on the same chart they used in the article.
In other words, the last time the A/D reached this exact same level (September, 2018), is when the bear market started:
In other words, the last time the A/D reached this exact same level (September, 2018), is when the bear market started:
Who is writing this shit, Stevie Wonder?
NYSE Common Stock Only A/D Line (black)
% NYSE above 200 dma (red)