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You can't have it both ways. With the advance decline line continuing to go
lower, the guru's have been saying the market is going to fall apart. Now that
the advance/decline is bottoming???? you are saying a rally is in the offing.
What have we been doing? Why has the AD line been wrong all this time and all of
a sudden it is going to be right. Try the McClellan Oscillator, it will give you
a better idea of what the internals look like. It also is dependent upon the
advances and declines, but has a tradable range. Ira
BOTTrader@xxxxxxx wrote:
> I watch the advance/decline line over the shorter term, as one input to my
> overall timing, and intra-day as an input to SP trading..... There's a
> website DEVOTED to advance/decline which really goes into great detail on the
> subject (more than I want to know)..... I find the guy's work very
> interesting...... It's at www.ttheory.com, check it out..... By the way, he
> see's the same bottoming pattern in the Ad/Dec, and the likelihood that it
> will expand upward and take the market to significant new highs over the next
> few years, a position he's just recently taken.
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