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Message| (56,903)    (Click to enlarge)  Have you hear of the
Titanic Signal?  I hadn't either until this morning, when I read
this article from McClellan Financial that had this chart which
shows the times (down arrows) in the past 30 years that the
number of new 52-week lows exceeds the number of new highs on
the NYSE within 7 trading days of a major market high.  Sound
confusing? It's not, essentially what it's looking for is a
broad sell-off where smaller amounts of stocks are propping up
the indexes. That's something we pay attention to all the time
in Member Chat (on an intra-day basis), so it's nice to know it
makes enough sense to have a name amongst top-notch TA people
like McClellan (yes, there are a few I respect). Per their
analysis:  The top chart shows all of the instances since 1984
of these preliminary sell signals firing off. You can see that
they do tend to cluster around major tops, but they also seem to
cry "wolf" a lot at ot