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Ben, for the New High New Low component of your tech index for Thursday, using
Barron's data gives 100*(120 - 96)/3531 = 0.68% whereas you get 0.379%.
Also I noticed that you are using the Daily Stock Volume without the Composite
Trades from pg MW97 of Barron's but yet you are using the Coposite Daily
Breadth for the advancing and declining issues. Would you explain this for
us?
Thanks,
BobR
In a message dated 98-07-12 14:25:54 EDT, you write:
<< Subj: Re: Volume ?/top sp500
Date: 98-07-12 14:25:54 EDT
From: Proffittak@xxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
Reply-to: Proffittak@xxxxxxx
To: realtraders@xxxxxxxxxxxxxx (RealTraders Discussion Group)
as i explained before i use the health index of the nyse as a guide for
my trades
the health for the market on thersday was 1217-1716/3531= minus14.13%
and 248.589-383.515/655.645=minus 20.57%
and new hi and low =positive .379%
so reading for thersday was net minus 34.321%
i carry this cumilative since 1/1/1793 , and overlay the close of nyse on
the reading of this cum health index
when the health is too much under ( currently so) then we have a down
trend)
>>
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