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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (22035)	7/22/1998 7:09:00 AM
From: Monty Lenard	Read Replies (2) \| Respond to of 94695

<Unless you are not using them so 895-2076 = -1181/2971= -.3975%> Hi Jim, I am not considering the unchanged in the calculation and yes I have given it a lot of thought. I really don't think it will matter as long as I am consistent. All the indicators that I have studied using Advances vs Declines do not consider Unchanged Issues. Below are some quotes concerning Adv Decl Indicators. That is why I stated in a earlier post that I feel as if I am reinventing the wheel since many before me have been down this road before :-) 1. "Many investors feel that the A/D Line shows market strength better than more commonly used indices such as the Dow Jones Industrial Average ("DJIA") or the S&P 500 Index. By studying the trend of the A/D Line you can see if the market is in a rising or falling trend, if the trend is still intact, and how long the current trend has prevailed. The A/D Line is calculated by subtracting the number of stocks that declined in price for the day from the number of stocks that advanced, and then adding this value to a cumulative total." 2. "The Advancing-Declining Issues is a market momentum indicator which shows the difference between stocks listed on the New York Stock Exchange that advanced in price minus those that declined. As of this writing, about 2,500 issues trade each day on the NYSE. The difference between the number of advancing and declining issues is the foundation of many market breadth indicators. These indicators include the Advance/Decline Line, Advance/Decline Ratio, Absolute Breadth Index, Breadth Thrust, McClellan Oscillator and Summation Index. Indicators that use advancing and declining issues in their calculations are called market breadth indicators. The Advancing-Declining Issues is calculated simply by subtracting the number of declining issues from the number of advancing issues." I have calculated the numbers many ways believe this is the probably the way to go. What do you think? Monty