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Re: [RT] NASDAQ Daily AdvVol-DeclVol



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Dan,

Thanks for the effort and the info.  Appreciated!

Dan

Dan Harels wrote:

> Dan,
>
> Perhaps to my detriment, I have not paid close enough attention to the
> details of Ben's and BobR's AdvVol-DeclVol indicator to be able to explain
> it in any more than a general way.  It measures market breadth which in turn
> shows whether money is flowing into or out of the market or segment of the
> market (e.g. Nasdaq).  It can be shown as an absolute number or as a
> "normalized" number much like a stochastic.  When it reaches extremes, it is
> prone to reversal with prices following shortly or concurrently.  There are
> a variety of breadth measures out there and many are discussed in the
> literature.  I believe that Ben's indicator differs from most indicators
> reported in the literature only in that it tracks intraday data rather than
> end of day.
>
> Some research on market breadth or breadth indicators should give you a good
> feel for the kind of information the subject indicator offers.  A discussion
> of a variety of breadth indicators is available for free on the internet.
>
> I hope this helps.  I also hope Bob or Ben will correct me if I am
> misrepresenting the indicator they use and generously share with the list.
>
> Dan H
>
> >From: Dan <dcash@xxxxxxxxxxxx>
> >Reply-To: realtraders@xxxxxxxxxxxxxxx
> >To: realtraders@xxxxxxxxxxxxxxx
> >Subject: Re: [RT] NASDAQ  Daily  AdvVol-DeclVol
> >Date: Tue, 05 Jun 2001 19:52:32 -0700
> >
> ><< multipart1 >>
>
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