12 replies to this topic

[OEXCHAOS]

Am I getting bad data? Less than +200 net advances???!!!?!?!? that can't be right... M

[hiker]

NYSE 1787 adv vs 1553 dec NAZ 1450 adv vs 1614

[ogm]

This reminds me.. There is always something wrong with the rally when it start I remember a rally a year or 2 ago, where volume was low and TRIN was high, coming out of the bottom. And everyone including me was pointing it out in mistrust. Look at that rally on low volume with 1+ trin... but the darn thing kept going and going I'd give this a few more days before making dramatic conclusions.

Edited by ogm, 06 August 2007 - 05:16 PM.

[selecto]

[arbman]

Well, 1660 advances and 1459 decliners, or 201 net advances. It was a large cap rally and both advancing and declining issues diverged quite a bit from each other in percentage terms... Here's the distribution of the negatives on NYSE; 0 - 0.25% loss: 12% of decliners 0.25 - 0.5% loss: 11% 0.5% - 1.0% loss: 22% 1.0% - 2.0% loss: 26% 2.0% - 5.0% loss: 22% 5.0% or more: 7.5% The distribution of advancers; 0-0.25%: 8% of advancers 0.25-0.5%: 7% 0.5-1.0%: 13% 1.0-2.0%: 26% 2.0-5.0%: 35% 5.0% or more: 10% - kisa

[eminimee]

and big caps will lead this leg up...but I think I've said that too many times already.. lol

[kaiser soze]

I think we get two more days of blistering rally. Equity/Index calls will lose volatility premium faster than I can type. Vix puts maybe a way to play it.

[ogm]

and big caps will lead this leg up...but I think I've said that too many times already.. lol

Big caps are relatively cheap. Dividends aren't bad. And they have the most exposure to the global growth. Makes sense.

[mortiz]

Of the NYSE issues: Advance Declines Bond CEFs 89 185 Commons 1307 626 ETFs 153 37 Preferreds 141 502 The Rest 122 214 The reason for the NASDAQ lame breadth, of the 4000 highest cap US commons stocks, the lowest cap 1000, most which are four letter symbols: Adv: 263 Dec: 699 and the unweighted average change of those 1000 lowest cap US commons: -1.70% so large cap party indeed. Randy N.

Edited by mortiz, 06 August 2007 - 08:08 PM.

[dcengr]

This is all part of the current wave structure we're in. I don't think that data is off, and in fact, I was counting on it. The fractal I am following clearly showed this rally taking place and the duration it will last. Now we have to check sentiment after Fed, but I feel quite confident we'll be going up into Fed, and perhaps a few days after Fed. If everything aligns up, then my fractal pattern will align again for next week.