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Strategies & Market Trends : Technical Analysis - Beginners
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To: keith massey who wrote (9632)2/28/1999 1:05:00 AM
From: Richard Estes  Read Replies (1) of 12039
 
I might have this statement blow up in my face. But I see no value in A/D analysis. I have heard many logical arguments why they are no longer valid. I can not feed those arguments back, mind is getting old. But since I always saw it as a weak indicator, I said after reading "this sounds right to me".

there should be many other measures that can be applied to market rather than NYSE adv/dec that are more telling. I like Dahl's primary trend. I even use # of new lows, >100 on NYSE amd >150 on naz as a measure, both remove the subjective nature of divergence.
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