Breadth At An Extreme

Cooker · 发表于 2009-7-24 07:40 AM

The 10-day advance/decline line is a widely followed breadth indicator that is used to measure both the health of a move as well as inflection points. It is calculated by finding the average daily number of advancers minus decliners over the last ten trading days. Below we highlight a chart of the 10-day advance/decline line for the S&P 500. As shown, the recent rally has put the 10-day A/D line well into overbought territory and at a level that has indeed marked a peak during prior rallies in the past year. During the rally in early December and the initial rally off the March lows, the 10-day topped out right where it is now. After 12 up days for the Nasdaq and an average gain of 13% for S&P 500 stocks since July 10th, it's time for a breather.

From http://bespokeinvest.typepad.com/

mary666 · 发表于 2009-7-24 07:45 AM

palm · 发表于 2009-7-24 08:05 AM

weigoodone01 · 发表于 2009-7-24 11:23 AM

haohh9 · 发表于 2009-7-24 11:27 AM

stringzero · 发表于 2009-7-24 12:57 PM

good

BEARINCITY · 发表于 2009-7-24 06:43 PM

Right. And it is a matter of exactly on which day this "breather" should happen.

ppteam · 发表于 2009-7-24 06:45 PM

Only price action matters, all the other indicators are SECONDARY indicators.

acura · 发表于 2009-7-24 08:08 PM

thanks

coexist · 发表于 2009-7-24 08:12 PM

wangbin1943 · 发表于 2009-7-24 11:31 PM

And it is a matter of exactly on which day this "breather" should happen.
that is the point

Lynxx · 发表于 2009-7-26 09:42 AM

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