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Hello Jerry,
When compared that way it makes sense. Now can you shed some light on
how comparing today's market breadth with another years market breadth
gives you information about the health of the current market? I am just
trying to hang my hat on something so I can learn something new.
Harley
Greatelto wrote:
> Harley....
>
> When one speaks of market breadth on the NYSE, it refers to the
> difference
> between advancing and declining issues. The difference is a daily
> cummulative
> total that is relative to the market at the time. For example, 1200
> advances
> and 300 declines in 1974 is 4 to 1. Today a 2400 advance number vs
> 600
> declines is also 4 to 1. Recently we have been having a daily
> difference of a
> few hundred, which has a small impact on a multi-year cummulative
> total. You
> should really go back and look at the numbers.
>
> How true, how true....!!!! The bottom line is earnings. Earnings
> this year
> should be up some, but not near like the last few years. A good case
> in point
> for earnings is INTC. Interest rates are important....like
> gasoline....but
> the engine is earnings.
>
> Jerry
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