[RT] Re: Most Actives indicator

[Steve Walker <Steve@xxxxxxxxxxxx>]

Ketayun,

I believe the author intends for one to count the number of stocks up for the week on the most active list (ex. NYSE) and subract the number of stocks down for the week.  A three week moving average of the net is then calculated.  This moving average could  then be compared to the DJIA, OEX,SPX as outlined in my earlier post.

Steve

>>> Ketayun Rustom <ketayun@xxxxxxxxxxx> 06/19 12:47 PM >>>
Hi Steve,

That was an interesting indicator, but since the 20 most active cover a
broad market, and the m/a formula is supposed to be compared to the m/a
of the market, would you please clarify

a) which market you meant to compare it to because the Dow, SPX and
COMPX do not move in the same direction

b) Are you defining the moving average for market gains/losses, based on

close, high, low, a/d, volume?

Thanks,

Ketayun





                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               !