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The added paren should make it clear: (10 period average of (New Highs - New
Lows) ). This is a widely used indicator and most TA packages have it,
it's the weekly stats which are not widely used because they are not widely
available - Barron's is only source, however www.pinnacledata.com has the
same data.
Earl
-----Original Message-----
From: David Singerman <davids@xxxxxxxxxxxxx>
To: eadamy@xxxxxxxxxx <eadamy@xxxxxxxxxx>; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
Date: Sunday, March 28, 1999 11:44 AM
Subject: Re: MKT Weekly NYSE breadth turns more bearish
>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
>>
>
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