----- Original Message -----
Sent: Thursday, October 06, 2005 8:18
AM
Subject: Re: [RT] Nyse Breadth Model
Daily
Charles,
In my work it is the divergences in both the fast numbers (blue) and
smoothing (red) which guide my work. I have used the settings shown for
probably 15+- years and have never evaluated others. Other settings would
likely work as well once their behaviors were studied and understood.
I am a discretionary trader, not a system trader. Therefore it is the
"feel" of price and the breadth models which work together to provide guidance
for my trading. System traders (such as Gerald Appel - Time Trend III) use
specific levels for buy and sell. I worked with Time Trend III for some
years before developing my own discretionary approach. I found the
systems approach to be far less useful than studying the oscillator behaviors
relative to each other and to price. I have rarely seen a major move which was
not signaled in one of several forms in my breadth models. The A/D volume
model gets the highest weighting in my work.
Earl
----- Original Message -----
Sent: Thursday, October 06, 2005 7:06
AM
Subject: Re: [RT] Nyse Breadth Model
Daily
Earl-
Please I was wondering if I might get your
perspective on an issue. I note you use McClellan's work to some
extent; which
uses paramaters of 19 and 39 in his
Summation work. This is probably somewhat of an inane question but
have you found any better, practical results
(regarding profitability) using 18 and 36 insead? This question
may merely beg a mute point.
Thanks for your feedback.
Chas
----- Original Message -----
Sent: Thursday, October 06, 2005 7:24
AM
Subject: [RT] Nyse Breadth Model
Daily
Breadth model is suggesting some caution now. New hi/lo (upper right)
has broken to new low confirming the break in the NYSE (upper left). The
A/D issues (lower left) and A/D volume models have yet to confirm
Wednesday's price low. The NYSE shows bigger volume bars on the past
two days suggesting selling is accelerating on the decline. While odds now
suggest a test of the major trendline (heavy grey), one can not rule out a
reversal here on a bullish divergence on A/D issues and volume.
Earl
No virus found in this incoming message.
Checked by AVG
Anti-Virus.
Version: 7.0.344 / Virus Database: 267.11.10/119 - Release
Date: 10/4/2005
No virus found in this outgoing message.
Checked by AVG
Anti-Virus.
Version: 7.0.344 / Virus Database: 267.11.10/119 - Release
Date: 10/4/2005
No virus found in this incoming message.
Checked by AVG
Anti-Virus.
Version: 7.0.344 / Virus Database: 267.11.10/119 - Release
Date: 10/4/2005