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Dan,
"Technical Analysis from A to Z" which can be found on the equis web site
(www.equis.com) under "free stuff" provides a discussion of several of
breadth indicators. Among these is the "absolute breadth index" which looks
an awful lot like the avdvol-declvol indicator. Several other breadth
indicators are discussed too.
Dan H
>From: Dan <dcash@xxxxxxxxxxxx>
>Reply-To: realtraders@xxxxxxxxxxxxxxx
>To: realtraders@xxxxxxxxxxxxxxx
>Subject: Re: [RT] NASDAQ Daily AdvVol-DeclVol
>Date: Wed, 06 Jun 2001 20:16:10 -0700
>
>Dan,
>
>Thanks for the effort and the info. Appreciated!
>
>Dan
>
>Dan Harels wrote:
>
> > Dan,
> >
> > Perhaps to my detriment, I have not paid close enough attention to the
> > details of Ben's and BobR's AdvVol-DeclVol indicator to be able to
>explain
> > it in any more than a general way. It measures market breadth which in
>turn
> > shows whether money is flowing into or out of the market or segment of
>the
> > market (e.g. Nasdaq). It can be shown as an absolute number or as a
> > "normalized" number much like a stochastic. When it reaches extremes,
>it is
> > prone to reversal with prices following shortly or concurrently. There
>are
> > a variety of breadth measures out there and many are discussed in the
> > literature. I believe that Ben's indicator differs from most indicators
> > reported in the literature only in that it tracks intraday data rather
>than
> > end of day.
> >
> > Some research on market breadth or breadth indicators should give you a
>good
> > feel for the kind of information the subject indicator offers. A
>discussion
> > of a variety of breadth indicators is available for free on the
>internet.
> >
> > I hope this helps. I also hope Bob or Ben will correct me if I am
> > misrepresenting the indicator they use and generously share with the
>list.
> >
> > Dan H
> >
> > >From: Dan <dcash@xxxxxxxxxxxx>
> > >Reply-To: realtraders@xxxxxxxxxxxxxxx
> > >To: realtraders@xxxxxxxxxxxxxxx
> > >Subject: Re: [RT] NASDAQ Daily AdvVol-DeclVol
> > >Date: Tue, 05 Jun 2001 19:52:32 -0700
> > >
> > ><< multipart1 >>
> >
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