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The attached gif is a plot of the NYA index and its On Balance Volume.
The" X" axis is volume in the manner of the original MIDAS charts. I
added a "Squashing" function to the Price and OBV data to allow a scaling
of from 0 to 1 for both series (hint: this is a precursor to building a
neural network pattern recognition system). The current OBV is not
confirming the move up in the NYA. This is another reason for my near
term bearish outlook.
Ron McEwan
Attachment Converted: "f:\eudora\attach\NYA Squash.gif"
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