SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Smooth Drive who wrote (31492)10/26/1999 5:00:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 99985
 
Eric, i just looked at the time when NH/NL peaked, which was in '97. presumably your bullish % chart was very overbought at the time...nevertheless, the market went on to even more impressive gains from there. the oversold conditions you have cited have all occurred in the context of big bull market corrections. would the interpretation of the NH/NL bullish % chart change in a bear market environment? i'm not saying that we are in one, just interested if it would change the interpretation.

regards,

hb

EDIT: here's a look at the 73/74 bear:

decisionpoint.com



To: Smooth Drive who wrote (31492)10/30/1999 10:57:00 PM
From: Smooth Drive  Read Replies (3) | Respond to of 99985
 
NEW HIGH NEW LOW BULLISH % CHART

This chart is constructed by taking a 10 day moving average of the New Highs divided by New Highs plus New Lows (over 52 weeks). Its range is therefore 0 to 100%. It takes 3 boxes (6%) to reverse up or down.

The chart bottomed on the 12% box on 9/29/99, reversed up on 10/08/99, reversed back down on 10/19/99 and has now reversed back up as of Friday's close. 

80
78                 X
76         X       X O
74         X O     5 O 
72         X O     X O 
70     X   X O     X O X 
68     X O X O     X O X O 
66     X O X O     X O X O
64     X C 1 O     X O X O 
62     X O X O     X O X O
60     X O X O     X O X O 
58     X O X O     X O X O
56     X O X O     X O X O
54     B O X O     X O 7 O
52     X O X O     X O X O
50     X O X O     X O X O
48     X O X O     X O 6 O
46     X O   O X   X O X O
44     X     2 X O X O X O
42     X     O X O X O   O
40     X     O X O X     O X
38     X     O X O X     O X O
36     X     O X O X     O X O
34     X     O X O X     8 X 9
32     X     O X O 4     O X O
30     X     O X O X     O X O
28     X     O X O X     O X O
26     X     O 3 O       O X O
24 X   X     O X         O X O
22 X O X     O X         O X O
20 X O A     O           O X O X 
18 X O X                 O   O A O
16 X O X                     O X O X
14 X O                       O X O X
12 X                         O   O X
10 X                             O X
8  X                             O
6  9

A few of the more important P&F short term indicators have turned up (including the above). That's a short term bullish sign and, of course short term can lead to long term. I don't think this chart is head faking right now. The New York SE Bullish % is at 33.4% and will reverse up at 38%.

Last time new highs exceeded new lows was 9/10/99 and then 8/23/99 and 7/21/99.

Current data:

	        NYSE	NYSE		10 Day 
	        New	New		Moving
DATE	        Highs	Lows	Index	Average
10/29/99	120	90	0.571	0.167
10/28/99	77	147	0.344	0.112
10/27/99	30	246	0.109	0.084
10/26/99	36	316	0.102	0.077
10/25/99	44	285	0.134	0.081
10/22/99	56	239	0.190	0.094
10/21/99	25	338	0.069	0.099
10/20/99	22	320	0.064	0.118
10/19/99	19	275	0.065	0.136
10/18/99	8	418	0.019	0.155
10/15/99	11	500	0.022	0.178
10/14/99	24	357	0.063	0.191

Take care,

Eric


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News