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Strategies & Market Trends : Waiting for the big Kahuna
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To: Vitas who wrote (17919)5/4/1998 9:50:00 PM
From: bearshark  Read Replies (1) of 94695
 
Vitas: I do not understand why Favors did not consider the 4/15/98 high in the DJI of 9159. On that date there were 159 net advances. On the 4/21/98 recovery high there were 200 net advances. Using the 4/15 high instead of the 4/14 high (796 net advances) would not have achieved the same results.

On today's recovery high there were 113 net advances. Earlier today I believe the intraday net advances were around 500. This dropped significantly during the last hour.
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