I had to scour for some negative confirmations. For bulls, McClellan Summation beat its last high. For bears, Oscillator failed. Advance / Decline has failed so far as well as seen above compared to the Nasdaq (green).
Negative confirmation, so far, on hold long short term. The other side of this is that the lows of hold long have been progressively higher.
A stall in the medium term indicator today.
We will see what tomorrow holds.
"…the United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
-- Laurance Kotlikoff, Federal Reserve Bank of St Louis "Review", July/Aug 2006 - nowandfutures.com
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