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Greetings Bob,
I'm trying to get hold of intraday adv/decl data. I have another
approach I'd like to try. Neville was kind enough to send the $adv.omz
file that Mark posted last week. However, like you, my idea will
require decline data. If you know of a site where I can download a
few months of intraday NYSE decline data I would certainly appreciate
it. Thanks for your time.
Regards Harold
--- In realtraders@xxxxxxxxxxx, "BobR" <bobrabcd@xxxx> wrote:
> 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@xxxx>
> 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
> >
> >
> >
> >
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