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Strategies & Market Trends : Position Trading Forum
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To: Nazbuster who wrote (1661)9/14/1998 10:37:00 PM
From: Mark Z  Read Replies (1) of 7247
 
Dan -

TICK measures (upticks - downticks) for the entire NYSE. INDU only covers the Dow 30. TICK declining faster than the INDU suggests that breadth is lousy i.e. the Dow 30 is outperforming the NYSE in general. INDU is an absolute # based on prices of the DOW 30, TICK is a directional # based on up/down ticking.
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