Bill; Re > Williams A/D << Ok I got the idea, and being it
deals with divergences I'd like to use it..but I suppose it's not
a url on the internet ..and that your getting it from your
program..but I belive you understand it and I take it's not giving a good sign and while yesterday ended stronger than I thoght it would
I'm getting some weak signs, at least for a correction before long.
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from jan 16 to apr22
DOW INDEX up 16.75%,top10cap up11.37%,low20capup19.51%,allcap 13.71%
index is up 3% more than the market cap, the top 10 have more cap
( almost 2x ) than the low 20,,the top 10 are up, but the low 20
have gone up almost twice as much..how much farther the smaller caps can push up the index I'm not sure. The Top 10 need to get some
money put in them. Divergence getting more too.
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From April 03 to April 22
index up 3.5% , top10 down -1.29%low20 up 7.49%, all up 1.34%
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If that top10 keeps easing down it can't hold..look at the
divergence..between the two ..16.75% to 13.71%
going to 3.5% to 1.34% in last 19days.
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head10 11.37% to tail20 at 19.51%
going to -1.29% to 7.49% in last 19days
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From here out the higher she goes the harder the fall, EXCEPT
is the BIG caps start getting some money tossed at them..
But the divergence is about the same as it was on the 13Th..
when Plock had the down turn pegged..
I bet most people will never know just how close he was to
being right on...the only thing that stoped it that week I think
was the 25B inflow into Money Marktets just prior to that,
well 18B of that went out last week..
So if divergence gets back to that level we don't have the ready
cash we did, and the wave may break.
But calling the top is out of my class.
Jim
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