Markets rise, markets fall and splatter. Back in February, Peter Eliades, editor of the Stockmarket Cycles newsletter, stated that a certain top-related breakthrough could be a hard one to pull off.

The top to which he refers is that of the NYSE Advance/Decline line. This line, of course, is calculated by adding a given day's plurality of advancing issues over declining issues on the New York Stock Exchange to the cumulative total from previous days. (Yahoo Finance)

Of course, how silly of us not to know that. The cumulative effect of reading this gobbledeygook was two flickering eyelids and a desire for alcohol/dinner. As Wall Street rollercoasts along, his theorems get better.

...the stock market's recent strength has finally brought the A/D line back within striking distance of that 1959 high.

Most interesting. I will have to see if this is related in any way to my minus 99.7% return on a penny stock that was guaranteed to kill the competition for in-flight entertainment. Something must have been out of whack, because my judgement was faultless! Maybe a faltering A/D line at the time was responsible for just 3 inflight installations in a Garuda airlines fleet of hundreds, and a wrong invoice to a jet-setting Russian oil tycoon.

What importance should technical analysts place on all of this (A/D line)? Eliades writes that he isn't sure.

Marvellous answer. He must be an economist or a financial adviser to have come out with that inconclusive conclusion. But then Yahoo, who posted this ludicrous speculative mumbo jumbo article must have threatened to push him off the fence if he didn't come up with a definitive course of action for the fabulous A/D line.

"We do not claim to have the answers to those questions but based on all the other technical information at our disposal, it would not surprise us to see the cumulative advance/decline ratio stall at these levels."

I think I will become a financial stock picker, invent acronyms, create a theorem and end up as successful as this clown.