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#11 stocktrender

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Posted 23 November 2009 - 10:30 AM

Add XLF to the non-confirmation list.

Bought back my faz this morning at 18.9. I think this rally is a fake out. Daily still looks like a sell here. Hourly overbought taken care of. We should know more by end of day. I think this rally will fade.

#12 porsche911sg

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Posted 23 November 2009 - 10:33 AM

Add XLF to the non-confirmation list.

Bought back my faz this morning at 18.9. I think this rally is a fake out. Daily still looks like a sell here. Hourly overbought taken care of. We should know more by end of day. I think this rally will fade.

I think it's a fake out but if it does not fall here today. I am ok with it. I can wait...
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!

#13 NAV

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Posted 23 November 2009 - 10:37 AM

NYSE adv 3,043 (86%) decl 454 (13%) Even at this breadth plurality 3043 - 454 = +2589 net, the A/D line will not make new highs today. So bears still have one more day to prove themselves. But the odds are stacked heavily against the bears :)

Edited by NAV, 23 November 2009 - 10:38 AM.

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#14 fib_1618

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Posted 23 November 2009 - 10:48 AM

NYSE adv 3,043 (86%) decl 454 (13%)

If you're using the data at Yahoo its been corrupted since the NYSE and AMEX merger and should be tossed.

Actual NYSE A/D at 10:45 is 2535/322. As of last Friday we need 9569 data points on the raw NYSE A/D line to reach the all time highs.

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#15 NAV

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Posted 23 November 2009 - 10:59 AM

NYSE adv 3,043 (86%) decl 454 (13%)

If you're using the data at Yahoo its been corrupted since the NYSE and AMEX merger and should be tossed.

Actual NYSE A/D at 10:45 is 2535/322.

Fib


What about stockcharts.com cumulative A/D line ? Is that accurate ?

As of last Friday we need 9569 data points on the raw NYSE A/D line to reach the all time highs.


Are you sure ? What's your source ?

According to stockcharts.com data, as of last friday, we required about 3700 points to make new recovery highs.

P.S - I see you are talking about all time highs. I was talking about new recovery highs above the Oct highs.

Edited by NAV, 23 November 2009 - 11:06 AM.

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#16 mss

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Posted 23 November 2009 - 11:08 AM

:) FWIW the NYC a/d ratio @ 11:00 was 6.87 and earlier was running 7.67 suggesting a change weaker about 10% Info NYC exchange data.
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#17 fib_1618

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Posted 23 November 2009 - 11:15 AM

Are you sure ? What's your source ?

I'm as sure as I can be...the Wall Street Journal. The data is free and can be found here (left side, a 1/4 way down).

The information that Stock Charts has been getting from Thomson has also been "off" for many months now. This is why I have taken it upon myself to track the data on the TICKQ as it showed the most blatant of errors last fall. I made a post on this last year in warning those who use Stock Charts to be cautious in anything breadth related. It should be stressed that (at this time) the structures of the A/D lines are fine, but it's the amplitudes that are in error (and woefully so).

The key to all of this though is consistency, and many data sources have had their problems in 2008 between the merger and the crash. I have found that the Wall Street Journal data has shown the best historical correspondence to the actual price data.

Below is the raw NYSE A/D line through last Friday for your further review.

Fib

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#18 NAV

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Posted 23 November 2009 - 11:24 AM

Are you sure ? What's your source ?

I'm as sure as I can be...the Wall Street Journal. The data is free and can be found here (left side, a 1/4 way down).

The information that Stock Charts has been getting from Thomson has also been "off" for many months now. This is why I have taken it upon myself to track the data on the TICKQ as it showed the most blatant of errors last fall. I made a post on this last year in warning those who use Stock Charts to be cautious in anything breadth related. It should be stressed that (at this time) the structures of the A/D lines are fine, but it's the amplitudes that are in error (and woefully so).

The key to all of this though is consistency, and many data sources have had their problems in 2008 between the merger and the crash. I have found that the Wall Street Journal data has shown the best historical correspondence to the actual price data.

Below is the raw NYSE A/D line through last Friday for your further review.

Fib

Posted Image


Thanks Fib.


Now, it sucks, when you can't rely on these charting services ! :)

Edited by NAV, 23 November 2009 - 11:25 AM.

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#19 SuperSwing

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Posted 23 November 2009 - 11:30 AM

The average of A/D line is about 2000 lately. We are not over that much today. Looks like the market is topped for the day.

Edited by SuperSwing, 23 November 2009 - 11:32 AM.

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#20 mss

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Posted 23 November 2009 - 11:39 AM

The average of A/D line is about 2000 lately.

Would you please clarify what you mean.

What data and what source are you referring to.

Thanks in advance.

mss
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