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Strategies & Market Trends : News Links and Chart Links
SPXL 212.36-3.3%Nov 6 4:00 PM EST

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To: Les H who wrote (428)7/29/2001 3:24:09 PM
From: Les H  Read Replies (1) of 29594
 
Index breadth for Nasdaq-100 (NDX) - different views

Percent above moving average Number of highs for last n days
10 21 50 200 5 10 20 250
---------------------------- -------------------------------
Base case 57 45 29 24 40 23 10 1
At the highs 70 54 35 27 56 31 14 2
Marginables 76 59 40 31 62 36 16 2
Above 10 78 60 41 33 63 36 16 2

The base case is the entire list of Nasdaq-100 stocks, regardless of price,
using the day's closing price to calculate the breadth. At the highs case
is the same list but uses the high price to show the high extension of
breadth for the day. The marginables case excludes those stocks trading
under five dollars and currently consists of 87 stocks. The intent is to see
how excluding those stocks with limited access to leverage would impact the
data. The last category is those stocks at or above ten dollars as perhaps
having limited access to institutional ownership. This category contains only
81 stocks. The last two categories use the closing price for calculation. The
number of new highs is normalized for the last two categories as if they
contained 100 stocks by multiplying the the number of actual highs by the
ratio of 100 to the number of stocks in that category.
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