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To: Les H who wrote (4932)1/20/2003 3:31:11 PM
From: Gottfried  Respond to of 29600
 
Les, Steve Lee sent me the data and said it was from your "overall database" section, not just NDX. Gottfried [end]



To: Les H who wrote (4932)1/20/2003 3:47:10 PM
From: Steve Lee  Read Replies (1) | Respond to of 29600
 
It is from the "Overall Database" figures at the top of your "Market/Sector Breadth Journal" posts.

Larry plotted the %>DMA for NDX100 a few weeks back and it was very noisy.

I think the inclusion of many small caps in the overall market figures smooths the chart and makes it more reliable at picking tops and bottoms.