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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: FLACK who wrote (58900)	5/7/2002 11:34:16 AM
From: ToTradeWell	Read Replies (1) \| Respond to of 100058

Hello FLACK OT How are you? Things are going well in FL but it is too hot & dry. How is that fire situation around Denver? Are you still trading the S&P? Today I deleted a bunch of stocks off my watch list and I'm gonna spend most of my time with the ole S&P for a while. I've also been working on discipline & focus and clearing "time gremlins" out of my life. I'm using an indicator with the S&P that I am leaning more and more on that I wanted to ask the thread about. I have a chart of $ADV and a chart of $DECL overlaid on each other. I don't know what the scale is or what it means, but it is percentages of some kind. My $DECL line is red and my $ADV line is green. When the red line is going up and the green line is going down, the market is heading down and I use this to confirm my short entries. When the lines are sideways I stay out. Often I will see the green line sideways, and the red line trending up. I've noticed that this will precede a decline in the markets, like yesterday. If the # of decliners is overtaking the number of advancers, the market has to fall. This happened this morning. Presently, my green line is flat, (at 300%) and my red line is a 800% and sloped up, and the market is drifting down. Does anyone have any idea what these percentages are? Thanks TTW