Judy,
Although I'm long right now, I don't like the action in the advance declines, the broader market apparently isn't participating...what do I care if I'm long an index and the indexes are running, except that I think that portends a coming break down.
Meanwhile, the momentum is still there and I'm not one to step in front of a runaway freight train, I'll just ride the wave to about 1340, a measured move.
But, to answer your question...I give a lot of credence to the advance declines, but I suppose momentum is even more important. It's really difficult to say just what is weighted more, I've never given each item a weighted value, that would intefere with the gestalt of all the indicators together, if that makes any sense.....
GZ |
