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Pastimes : Ask da_cheif

MVIS 1.055

-9.1%

Nov 4 3:59 PM EST

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To: peter n matzke who wrote (7980)	2/13/2002 12:36:47 PM
From: Chip McVickar	Read Replies (1) of 8150

Peter, Do you know what the excel formula is for calculating the pump....? Could you share it...? Can't seem to figure it out....! >>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} << Message 15525382

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