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An addendum to my previous post:
You can get a similar picture of the market by following the Investor Intelligence
data that come out every Wed. Not the bull/bear data but the % of stocks above the
10 wk and 30 wk MA. You can get these data from II directly or from CNBC. Roy
Bloomberg used to announce the numbers religiously at 11:35 am but Bob Pisanti is at
the helm now and he announces them whenever he feels like it, so they are easy to
miss. Last time I checked II was at 914.632.0422. They also (used to) have a 900
number.
Yesterday 27.89% were above the 10 wk MA and 28.45% were above the 30 wk MA.
Jim
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llrich Fischer wrote:
> In Martin "Buzzy" Schwartz' book "Pit Bull", he refers to a market breadth
> indicator he calls QCHA. Where is it? I've looked through the index
> listings in the TS2Ki symbol universe but haven't been able to find
> it. Can it be calculated from some of the other indicators? If so,
> how? Does anyone know what the QCHA letters stand for? The definition is
> "the average % movement of all exchange listed stocks on an unweighted
> basis". Is it a practical joke on Marty's part and really means "Gotcha"? -uf
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