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Just to show how chaotic Tuesday was, take a look at the volume flow rate in
terms of millions of shares per minute. Virtually every day the pattern is
the same with high V/minute in the AM, a dip in mid day and then a pick up
in the post lunch period. The low mid day is about 1.5 million shares per
minute. On Tuesday the Flow Rate was unlike anything I've seen ever with
rate peaks midday that occur near the open and close. Here is the indicator
code for making this plot. Maybe Clyde can clean it up to make it plot
better.
{BobRoeske 1/1/95
This indicator takes the difference in @nvt total volume over a two bar time
period L2. The chart time period should be set to the same period if shares
per minute are desired. For example if the bars are 3 minute then L2 should
be 3 or if bars are 5 minute then L2 should be = 5. Data 1 = @nvt}
Inputs: L1(3),TrnLvl(1.5),StrtTime(0940),EndTime(1600),Len(3);
Vars: FlowRate(0),TrendLevel(0);
If Time >= StrtTime and Time <= EndTime then begin
TrendLevel = TrnLvl;
FlowRate = Average(AbsValue(C-C[1])/L1,Len);
end;
Plot1(FlowRate,"FlowRate");
Plot2(TrnLvl,"TrnLvl");
Plot3(0,"");
BobR
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, April 05, 2000 3:54 AM
> Subject: [RT] Re: MKT- NASDAQ
>
>
> > Here are 2 year charts of daily NASDAQ McClellan Oscillator and
> > McClellan volume oscillator - not pretty. While the NYSE models look
> > much better, they have started to roll over a bit. As indicated in
> > yesterday's post, the deep retracement in the SP has limited the upside
> > potential and I took index fund money off the table on the close. I
> > believe that yesterday did enough technical damage to (at least
> > temporarily) destablize the equity markets. Given the higher risk at
> > this point, I will wait for the NYSE model to join the NASDAQ model in
> > sell territory and re-evaluate when I get the next buy signal.
> >
> > Earl
> >
Attachment Converted: "f:\eudora\attach\FLOWRATE.gif"
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