Spikes of NYADV:NYTV ratio

Lynxx

NYADV:NYTV spikes have been good indications of tops and bottoms since 2007 as the bull market was ending.
An upward spike corresponds to a top and a downward spike corresponds to a bottom. It did not work well before 2007. A possible reason was that it was in a bull market. Crossed red lines are the cases that did not work.
Currently, BPINDU, BPSPX, BPCOMPQ, BPNYA, NYMO, and NYSI all registered "buy" signals, which should mean that we are in an intermediate term uptrend. But the spike of NYADV:NYTV ratio is forming now, suggesting that a top is coming soon or has passed,  which is contradicting the above buy signals.
I am not sure how to explain the conflict. If the spike does not work this time, does it mean that we are in a bull market already? Or this is only a short term top?
Any ideas are welcome.

stockoperator

ding!

javamood

still not extremely high

李隆基

mary666

ding

cartier

csw2002

One aspect that impacts on NYADV:NYTV ratio is that NYTV is currently being positively impacted upon by GS principal trading. As we know, GS has been engaging in massive principal trading activities through the NYSE's SLP program. Its high frequency trading program is now openly acknowledged (at least by U.S. Attorneys) to be making millions of dollars a day for GS and could be (???) used to manipulate market in the wrong hand. Without its principal trading program, NYSE primary market volume would be lower and NYADV:NYTV ratio would be higher.

layschips

One aspect that impacts on NYADV:NYTV ratio is that NYTV is currently being positively impacted upon by GS principal trading. As we know, GS has been engaging in massive principal trading activities t ...
csw2002 发表于 2009-7-18 09:16

do you know if GS has stopped using the program? or they've stopped this massive principal trading? if so, since when?
if this is proved to be true, don't you think it can be a big scandal-like bomb that can destroy any confidence that has been built since this March? think about it: major profit made by wall street is though nothing but 'manipulating the market'. It is the zero-tolerant bottom line in a free market, if Americans still believe it is

Persistance

do you know if GS has stopped using the program? or they've stopped this massive principal trading? if so, since when?
if this is proved to be true, don't you think it can be a big scandal-like b ...
layschips 发表于 2009-7-18 11:21

As I see, strongly manipulating the stock market is the main profit source for big banks since March!  And this will last for pretty long time, as they have been supported by Fed (including Gov?).  The largest losser is 401K owners who had been set-up since they changed the rules of 401K management several years ago.  
I'm  very cautous on trading currently and always try to keep light position.

csw2002

do you know if GS has stopped using the program? or they've stopped this massive principal trading? if so, since when?
if this is proved to be true, don't you think it can be a big scandal-like b ...
layschips 发表于 2009-7-18 11:21

I might have misled you when I say NYADV/NYTV is positively being impacted upon by GS principal trading activity. What I meant is that NYTV would not have been as big as it it is currently being reported if GS had not been engaged in massive program trading utilising high frequency trading program they have. Hence NYADV/NYTV would have been even more extreme. As far as I know, GS continues to be the number one program trader of NYSE member firm for principal trading purposes. The open acknowledgement of potential for market manipulation utilising the GS high frequency trading program has been widely reported since one of GS's ex-programmer on their high frequency trading programming team uploaded the entire source code to a secure server in Germany and left for another trading firm. The U.S. Attorney's acknowledgement that the high frequency trading program in the wrong hands could be used for market manipulation begs the question that what is stopping GS from using the program to do so. I have not heard of any audit by either NYSE, NASD, SEC or any other law enforcement agencies looking into high frequency trading activities.

snowwolf229