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Friday's 2000+ advances caught my eye too and to decided what to do about it requires some more tools. Looking at the cumulative net volume, CVnya, helps to decide if the strong advances would be followed by a reversal. The hourly cumulative net volume(Moontide) is just now coming off of a bottom and should be making a rounded top when the ADV is peaking. So I would say its a bit early to make a complete reversal. It might make a partial pullback, but my guess is it would be bought into and then move higher next week. One general observation is that the $ADV or $DECL can run for 3 to 5 days before a trend reversal. So once you get a buy, start the countdown timer for risk control. The other useful view is the flow rate and raw net volume. This is discretionary stuff but the simple directional and strength volume patterns can add a degree of psychological conviction to the decision making process. After 3 days of increasing $ADV a trader might look for price to continue up a bit and the $ADV to drop off or diverge before an actual price reversal occurs. Divergences between price and breadth can be the clue. BobR ----- Original Message ----- From: "Ron Cernokus" <roncer@xxxxxxxxxxx> To: <realtraders@xxxxxxxxxxx> Sent: Friday, December 22, 2000 7:32 PM Subject: [RT] Adv\Decl oddball > > Bob, > Do Think today is another example of a possible reversal set up for > tuesday based on the Adv/Decl? > Thanks And Happy Holiday > > Ron > > > To unsubscribe from this group, send an email to: > realtraders-unsubscribe@xxxxxxxxxxx > > > > -------------------------- eGroups Sponsor -------------------------~-~> Big News - eGroups is becoming Yahoo! Groups Click here for more details: http://click.egroups.com/1/10801/0/_/152424/_/977564365/ ---------------------------------------------------------------------_-> To unsubscribe from this group, send an email to: realtraders-unsubscribe@xxxxxxxxxxx
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