Yahoo Advance/Decline
Dang! kinda surprised by the A/D
Started by
Rogerdodger
, Aug 06 2007 04:33 PM
10 replies to this topic
#1
Rogerdodger
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#2
hiker
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Posted 06 August 2007 - 04:43 PM
the early a.m. low on the averages resulted from the new lows.
btw, Roger ck out NILE and WYNN in afterhours..levels above historic highs. NILE is in the right biz..what a chart ! ditto with WYNN.
Edited by hiker, 06 August 2007 - 04:46 PM.
#3
klono
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Posted 06 August 2007 - 04:45 PM
Stupid question:
Are the new lows and highs are tallied at the end of the session?
Or, do they include intra day new lows?
k
#4
pdx5
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Posted 06 August 2007 - 04:46 PM
The breadth was not that impressive today for such a big advance.
Advancers outpaced decliners on the NYSE by a mere 17-to-15 margin.,
while declining issues only outpaced advancing issues on the Nasdaq by
a small margin.
With bears outnumbering bulls by 2 to 1 on TT poll, today's action has the feel
of a classic short covering rally. I can't imagine the financial picture has changed
that much from last thursday to today to cause 2.5+% moves in opposite
directions. This market is confused!!
Edited by pdx5, 06 August 2007 - 04:51 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#5
denleo
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Posted 06 August 2007 - 04:47 PM
Stupid question:
Are the new lows and highs are tallied at the end of the session?
Or, do they include intra day new lows?
k
IntraDay
Denleo
#6
arbman
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Posted 06 August 2007 - 04:48 PM
They include the intraday quotes.
The market once had this kind of turn by making record new lows at the open and then rally into the close, it was in April 2005. Surprisingly, the credit spreads were also peaking at that time and marking an IT low...
- kisa
#7
hiker
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Posted 06 August 2007 - 04:48 PM
intraday lows is what is counted
ditto with intraday highs
#8
redfoliage2
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Posted 06 August 2007 - 04:53 PM
When The force decides to jack up major indices, a positive A/D is not a prerequisite, especially at the start of a trend reverse.The breadth was not that impressive today for such a big advance.
Advancers outpaced decliners on the NYSE by a mere 17-to-15 margin.,
while declining issues only outpaced advancing issues on the Nasdaq by
a small margin.
Edited by redfoliage2, 06 August 2007 - 04:54 PM.
#9
JAP
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Posted 06 August 2007 - 04:58 PM
When The force decides to jack up major indices, a positive A/D is not a prerequisite, especially at the start of a trend reverse.The breadth was not that impressive today for such a big advance.
Advancers outpaced decliners on the NYSE by a mere 17-to-15 margin.,
while declining issues only outpaced advancing issues on the Nasdaq by
a small margin.
Wasn't today mainly a short covering rally?
I imagine short covering is excluded from A/D... correct?
#10
thespookyone
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Posted 06 August 2007 - 05:02 PM
I guess it all depends on how you read it. Looks to me like NALOW is higher than it has been since October of 2002..hmmmm. NAMO blew -80 the other day, which has called a bottom many times. Sure, it "could be different this time", but there is plenty screaming bottom here, or VERY soon.
