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I suspect you could be right. I'm having a pretty fair problem finding
clear daily/weekly patterns in the market so I've been cautious on the
equities and continue to be so. The daily models remain long but have
turned down. If we do get a large move soon, it is likely to be down. I
haven't posted this in quite a while, however my SP EY/TB model has
returned to previous highs indicating a clearly very dangerous market.
The one big danger in my comparison of the current high in weekly NYSE
breadth model to the level in Jun97 is that the EY/TB ratio in Jun97 was
1.08 - a bit less than half of current level.
Earl
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 18, 2000 6:43 AM
Subject: [RT] Re: NYSE Breadth model - longer term view
> Pricewise, the five day statistical volatility is at low enough level
that
> we could easily see a rather large move soon.
>
> BobR
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, July 18, 2000 5:27 AM
> Subject: [RT] NYSE Breadth model - longer term view
>
>
> > I run 3 daily breadth models and 2 weekly breadth models on both the
> > NYSE and NASDAQ. While the daily models are suitable for short term
> > timing work, the intermediate term models are useful in a longer
term
> > perspective. I thought the attached might be of interest - not a
> > prediction for a big bull market but certainly a possibility.
> >
> > Earl
> >
>
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