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Earl,
On your chart after prices broke the lower line the system was always
short and the next signal was a green up arrow. In every case after
prices broke above the lines a green arrow signal occurred. This would
suggest to me that next is a green arrow signal, which would result in
the market getting an additional boost.
Dick
---Earl Adamy <eadamy@xxxxxxxxxx> wrote:
>
> 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 part 2 image/gif name=NYSEBRTH.gif
==
Big Lucky Dick
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