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To: Wizzer who wrote (14725)7/21/1998 7:15:00 AM
From: long-gone  Respond to of 116944
 
The advance decline line theory is not based on just gold, it is based on the whole market. It is a way of looking at the overall health of a market (and the underlying economy). It states (I think) that a up market can not be sustained if there are more stocks down than up for a longer period of time.I throw in the unchanged when I look at it,
as a stock which is unchanged is (by & large) worse than money sitting in the bank. IMHO.
rh