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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Bowman who wrote (4706)	5/13/1998 7:34:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Bruce, Since I'm a NASDAQ kinda guy, I had tried to use the absolute breadth of the NASDAQ by using Mr. Fosback's formula on the Advance/Decline weekly data that's reported in BARRONS. Mr. Fosback says that Advance/Decline cumulative breadth is interesting (that's the total of the advances minus the total of the declines) but falls short. He felt that the range would be misleading because of the net change in the number of issues over time. His "improved" method is to take the cumulative breadth and divide it by the total number of issues traded that period on that exchange. This makes it a percentage of the issues traded ranter than just a cumulative number. Then data from 1980 will correlate with data from 1998. It's probably time that I dig deeper into this. I have been accumulating the data for a long time on the NASDAQ, but have never really put it to successful use. I may have been too hasty. Looks like I'm now stretching that trip to the Milwaukee Library to two days of data collection!!! Thanks!!! :-) This trip, with my laptop, maybe I can enter the data directly and skip the paper version!! BTW, BARRONS has the weekly cumulative breadth shown in their Market Lab. each week for the NYSE. It's been pretty good at showing where the major breaks have occurred. It's been better as a confirmation rather than as a predictor, in my opinion. Best regards, Tom