Ask da_cheif Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask da_cheif

MVIS 1.055

-9.1%

Nov 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Smooth Drive who wrote (594)	3/19/2001 1:20:46 AM
From: da_cheif™	Read Replies (2) of 8150

ur not doin overal cumulative volume just lookin for volume breakouts...... on the 15th it was only one day of upside volume the total of which was not enough to offset the total cumulative volume of the previous unbroken string of down days ....so after the 15th since the 16th was down on more volume than was up on the 15th you have another downside breakout.....there was a time when we track the Net Fieldtrend Indicator which my analysis has proven to be worthless...the NFI which is another part of CLX analysis that Granville invented has proven inefective..remember all we are trying to do is to come up with a daily CLX number......as far as cumulative volume....it should not be lost on us that the bulk of the big board volume is consintrated in the 30 components of the dji....on a percentage basis...thus keeping a daily cumulative advance decline line of the net difference of advancing and declining volume (the PUMP) has a more meaningul message than the daily price advance decline line which we know through observation is worthless as a technical tool.....remember prices can sky rocket wilst the daily adavance decline line can plumment....needless to say its because of the phenomena of 2 giant steps up and 10 babysteps back that causes cumulative AD lines to go down while price goes up......that is why the weekly AD line is so much more important as it smooths things out and BTW gives a great elliot wave structure as does the PUMP..(the daily cumulative advance decline line of the net difference of big board up and down volume}

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next