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Question, what percentage of the NYA volume is the DJIA volume? One reason
the NYA volume was used is because that is what AIQ used in their timing
module along with the DJIA. Also, Ed Downs of Nirvana makes a big deal out
of the DJ's movement for market direction. Guess that must be because that
index influences the general public. Technically, you have a valid point
about price from one index and volume from another.
BobR
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Saturday, January 13, 2001 9:10 AM
Subject: Re: [RT] Mkt - INDU
> Looks like you are comparing the NYSE breadth to the DJIA rather than the
> NYSE composite which might provide a better feel. I haven't performed my
EOW
> analysis yet, but I did do some quick scanning through my charts and
models.
> My very quick take is that the DJIA is very weak, the NYSE weak, S&P500
> barely managing, Ru2000 doing ok, NASDAQ is strong. The NASDAQ breadth
> models are strong and the NYSE models are rolling over. I suspect that
early
> 2001 is looking like the mirror image of late 2000 ... NYSE pulling the
> markets down and NASDAQ pushing the markets up ... with more of the same
> whipsaw effect in the S&P500. The bad news has really piled on the NASDAQ,
> which seems to have become somewhat immunized against bad news; while the
> bad news cycle may just be getting going on the NYSE. Not that I think the
> NASDAQ is going to return to former glory, but I do think the rally has
more
> legs. The volatility in the S&P500 could remain high due to continued
> return-chasing sector rotation.
>
> Just my current gut feel for the markets.
>
> Earl
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Saturday, January 13, 2001 9:22 AM
> Subject: [RT] Mkt - INDU
>
>
> > Overlaying the end of day cumulative net volume(EODCV) on the DJIA shows
> > that while the DJIA was able to rise above its 200 day exponential
moving
> > average the EODCV has only risen to its 200 day XMA. The The DJIA has
> > closed below its average accompanied with a deteriorating new highs -
new
> > lows.
> >
>
>
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