|
PureBytes Links
Trading Reference Links
|
There have been important turns in market history when there have been
significant divergences between the daily NYSE breadth data and the weekly
NYSE breadth data. When there have been significant divergences, the weekly
has generally proven more reliable for long term investment. I suppose this
is because comparisons on a weekly basis eliminate some of the noise found
in the daily. The attached chart of weekly breadth data displays the same
non-confirmation of recent highs as the daily.
For those who will ask: As far as I know, Barron's is the only source of
current weekly breadth statistics, although history is available from
pinnacledata.com. Weekly breadth data can not be constructed from daily
breadth data - since weekly a/d data is constructed by comparing Friday
closes.
Attachment Converted: "c:\eudora\attach\NYSEBRTH.gif"
|