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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Mr. BSL who wrote (11190)12/21/2000 10:50:20 PM
From: davidk555  Read Replies (1) of 42834
 
I am glad you enjoyed my post Mr. BSL. I enjoyed your post as well. You mentioned that you would have given Bob a different grade since you recalled that Bob used to trash the Advance Decline line, and was never a big fan of new highs and new lows. I had forgotten Bob' s view on the advance decline line, and so I searched my data base. In the words of Ed McMahon, you sir are correct! Check out this excerpt from my Interpretation in December, 1999:

Caller #4 Tom: This caller noted that many stocks in the market have not participated in the dramatic run ups. Bob agreed but noted that the advance/decline rate topped in spring of 1998 and has not gotton better. Despite that fact, the indexes have increased. Thus, it has been a completely incorrect forecaster of the market.

EC: The advance decline line is a market indicator that shows the difference between stocks that advanced minus stocks that declined. Most analysts use the New York Stock Exchange stocks for the calculation. In general, indicators that use advancing and declining issues in their calculations are called market breadth indicators. There are other market breadth indicators that technical analysts tend to use in their work. Some others include the Advance/Decline Ratio, Absolute Breadth Index, Breadth Thrust, McClellan Oscillator and Summation Index. I will explain these terms as they arise on the show.

For more from DavidK, e-mail me at:

mailto:davidk555@earthlink.net
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