Edited by dcengr, 30 January 2007 - 12:17 PM.
day 3 of divergence beween A-D and indices
Started by
dcengr
, Jan 30 2007 12:10 PM
3 replies to this topic
#1
Posted 30 January 2007 - 12:10 PM
Breadth is 2:1 adv:dec on NYSE..
Was positive yesterday, and day before..
I continue to observe this to see where it will lead. There are theories that breadth leads price, and therefore, this will lead to eventual higher prices.. I assume the longer the divergence last, the bigger the reaction?
I'm not a moneyflow guy. At this point, I observe and record.
EDIT: I should clarify what I mean by indices... NYA and IXIC are moving up fine, the others.. like dow, s&p, ndx, etc are having problems.. so in that sense, NYa and IXIC are moving up fine relative to A-D.
Qui custodiet ipsos custodes?
#2
Posted 30 January 2007 - 01:24 PM
Hey dc,
Where are you getting your A/D stats from?
I noticed that the free site I was using is now a pay site, and only reporting NYSE, COMPQ, and AMEX for free.
Edited by slatedrake, 30 January 2007 - 01:25 PM.
Before you start trading get your brain around risk control. Know how much leverage you're using and know when to go to cash if you're wrong.
#3
Posted 30 January 2007 - 01:26 PM
Hey dc,
Where are you getting your A/D stats from?
I noticed that the free site I was using is now a pay site, and only reporting NYSE, COMPQ, and AMEX for free.
Rest I construct using indexlab.. but only after close.
A-D data
Edited by dcengr, 30 January 2007 - 01:27 PM.
Qui custodiet ipsos custodes?
#4
Posted 30 January 2007 - 03:28 PM
I think I know why breadth has been so good of late... look at the RUT. Its showing strong relative strength to dow, ndx..
Someone maybe buying RUT futures to jack up the index.
Qui custodiet ipsos custodes?