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

To: Monty Lenard who wrote (22067)	7/22/1998 8:43:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Hi Monty; Re> 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? The above looks like it will serve the purpose , I like the quote " keep it simple" and won't take up to much time, after all you will have other indicators to watch as I don't believe there is a holy grail. It's OK to re-invent the wheel as long as you have a handle on it, I myself have done that a lot, it helps train us to see things from several angles. Many of them I have discarded for more simplicity. Also we have to consider the source of our data, like when dealing with volume the nasdaq issues trade twice. As much as some people swear by the McClellan Oscillator, and it is good, I doubt many people realize it will not be as consistent on the nasdaq as the nyse, due to the Market Maker effect. ----------- One thing about what your doing at least has you thinking for yourself , that if any thing is the holy grail. <G> The simple A/D issues suite me, with that but separate I like to look at the new highs / new lows, these should confirm one another sort of close and if not then I question the data. Jim

To: Monty Lenard who wrote (22067)	7/22/1998 9:07:00 AM
From: coug	Read Replies (1) \| Respond to of 94695

Monty, In this narrow, liquidity driven market I have found that volume on the NYSE works much better than A/D . Work with the relationships of Up vs.Down volume and it will give you turning points... In my mind, it only makes sense.. because X amount of $ will go into ONE or All stocks.. If all money went into GE, the S&P will fly, if it went into all equally, the index will still move up or vice versa.. A/D work will not show this.. just a thought from the beautiful Sierra foothills.....the Coug