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Re: [RT] Nyse Breadth Model Daily



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Charles,
 
In my work it is the divergences in both the fast numbers (blue) and smoothing (red) which guide my work. I have used the settings shown for probably 15+- years and have never evaluated others. Other settings would likely work as well once their behaviors were studied and understood.
 
I am a discretionary trader, not a system trader. Therefore it is the "feel" of price and the breadth models which work together to provide guidance for my trading. System traders (such as Gerald Appel - Time Trend III) use specific levels for buy and sell. I worked with Time Trend III for some years before developing my own discretionary approach. I found the systems approach to be far less useful than studying the oscillator behaviors relative to each other and to price. I have rarely seen a major move which was not signaled in one of several forms in my breadth models. The A/D volume model gets the highest weighting in my work.
 
Earl
----- Original Message -----
Sent: Thursday, October 06, 2005 7:06 AM
Subject: Re: [RT] Nyse Breadth Model Daily

Earl-
 
Please I was wondering if I might get your perspective on an issue.  I note you use McClellan's work to some extent; which 
uses paramaters of 19 and 39 in his Summation work.  This is probably somewhat of an inane question but have you found any better, practical results (regarding profitability) using 18 and 36 insead?  This question may merely beg a mute point.
Thanks for your feedback.
 
Chas
----- Original Message -----
From: EAdamy
Sent: Thursday, October 06, 2005 7:24 AM
Subject: [RT] Nyse Breadth Model Daily

Breadth model is suggesting some caution now. New hi/lo (upper right) has broken to new low confirming the break in the NYSE (upper left). The A/D issues (lower left) and A/D volume models have yet to confirm Wednesday's price low. The NYSE shows bigger volume bars on the past two days suggesting selling is accelerating on the decline. While odds now suggest a test of the major trendline (heavy grey), one can not rule out a reversal here on a bullish divergence on A/D issues and volume.
 
Earl


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