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The TC2000 A/D line is slightly different from the common one: uses only
NYSE common stocks, not preferreds and is calculated from percent advancing
stocks minus percent declining and the value depends on what number was
randomly picked to start the line. The graph drops 30 points in one day
you know 30 percent of the NYSE declined. An overlay of
TC2000 line on the common one finds a virtual identical
correlation-----Original Message-----
From: HBernst963@xxxxxxx <HBernst963@xxxxxxx>
To: rturner@xxxxxxxxxxxxxxxxx <rturner@xxxxxxxxxxxxxxxxx>;
realtraders@xxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, February 10, 1999 6:27 AM
Subject: Re: GEN: TC2000 A/D Line Revisited
>The TC2000 AD line is not correct. I collect the AD line myself and have
also
>seen in Barron's that we are 7000 issues from a new low. The AD line has
been
>weak but it is not near the Oct. lows.
>
>Howard
>
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