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The A/D line is a confirming indicator; should it trend down while the
averaqes are trending up it is bearish or if it trends up while the averages
are trending up it is bullish. Similarly the P & F for the 4, 13, 26 and 52
week new high/new lows lists are tanking. Not to say we couldn't rally from
a new base; which is most agreeable.
-----Original Message-----
From: GREHERT@xxxxxxx <GREHERT@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, February 07, 1999 1:42 PM
Subject: Re: TC2000 Adv/Dec Line
>Good pick-up R.E.Turner. I too follow Worden's advance-decline line and I
>noticed it was approaching a previous bottom but I wasn't aware the other
>bottom was Oct. 8th. I've reviewed the chart and the current picture looks
>very similar to the double bottom of 1-12-98 and 6-4-98. What happened
after
>that retest......the market raced up about 10% while the ADL went nowhere -
>then we had the bear market of 1998. I think something like this could
happen
>again (if we stop talking about it).
>
>Best Regards,
>
>Jerry Rehert (grehert@xxxxxxx)
>Atlanta, GA
>@ 02:21 pm, February 7th, 1999
>
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