*TX* ok, I bit on your link, Ray-O-Vac.
ze.net
but I have to wonder about someone who ta's an A/D line chart like it's a stock price chart. As far as I'm concerned, the nyse a/d line chart is Beautiful, Bountiful, Gorgeous! How can anyone take exception with it? I don't understand. My experience with a/d lines is, if they aren't rising with the broad market, then it's a warning sign of a divergence in the market, i.e., most stocks are not participating in the bull run. That a/d chart tells me that most stocks ARE participating. Therefore, this run up has a lot further to go still.
Furthermore, trendlines on an a/d line chart is virtually...no, *absolutely* meaningless.
Dow 10,000
Naz 2,000
-Fledermaus |
