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I don't know the volume percentage. There may be some value to public
perception and, if so, the evening news headlines are DJIA and NASDAQ.
Still, I like to use the NY and NQ comps with their respective breadth
models.
Earl
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Saturday, January 13, 2001 10:24 AM
Subject: Re: [RT] Mkt - INDU
> 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.
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
> >
>
>
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>
>
>
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