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To: Syd Deem who wrote (22054)8/27/1999 9:34:00 AM
From: Challo Jeregy  Respond to of 42787
 
Also does it mean anything that the Summation Index peaks have
been lower since July 97 (except for the May 99 peak that just
exceeded the decline line by a fraction?)


Now that is a good question.

decisionpoint.com

It appears to be tracing the a/d line.



To: Syd Deem who wrote (22054)8/27/1999 9:55:00 AM
From: Daflye  Respond to of 42787
 
Syd,
Go find Vitas on SI. He and Bobby B had called it the "Triple Slammation Summation" or sumthin' like that. Basically equating it to 1957. Looked good on paper but didn't pan out. Fun name though.

Cheers,
D

Dennis, been checking this thread every few days(most that I have bookmarked have 100's of posts. No way, not even with browsemaster.)
heh heh heh, you've been doing well. Congrats. My freeflying skills are gettin' better and better.



To: Syd Deem who wrote (22054)8/27/1999 3:11:00 PM
From: bobby beara  Respond to of 42787
 
Syd, basically the summation index is a breadth indicator that oscillates with the direction of advancers and decliners. It's just another way of looking at the bearish divergence between the generals and the troops.

Eventually this will have to resolve itself and we are still in a seasonally weak time frame.

I was looking a the monthly volume profiles of intc and msft and volume has been diverging and peaked about the time the a/d peaked in summer of 97, so this is not a time be wholesale bullish like investment advisors have been for the last 9 months.

see my reply to CJ for more discussion of summation.

bb