Re: MKT Weekly NYSE breadth turns more bearish

["David Singerman" <davids@xxxxxxxxxxxxx>]

Earl,

Thanks for the nice charts.

What are you using for the Breadth OB/OS indicator?

David
----- Original Message -----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Sunday, March 28, 1999 8:13 AM
Subject: MKT Weekly NYSE breadth turns more bearish


> Attached is weekly chart of S&P with the NYSE advance decline and OB/OS
> indicators (10 period average of New Highs - New Lows) using weekly NYSE
> breadth statistics published by Barron's. Note that the a/d turned down
even
> as the market moved to new highs. Even more bearish is the series of lower
> pivot highs in the OB/OS with this indicator turning down sharply as the
> market moved to new highs. To get a buy signal, the OB/OS indicator must
> take out its January high pivot or take out such lower pivot as may be
> engendered by further declines. The OB/OS study should not be used to
short
> the market but rather to move between equities and cash.
>
> Earl
>