All donations go towards web site maintenance for all of Technical Watch,
keep it free of charge, and may be tax deductable as an investment expense.


PayPal Verified
Join our market chat sessions every Tuesday and Thursday at 4:00 pm Pacific time!
More information on subscriber services can be found at
http://www.technicalwatch.com/subs.htm

Sign up Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
fib_1618

Moderator
Registered:
Posts: 5,158
Reply with quote  #1 
Are now up and can be reviewed by clicking here

BETS +25: Accumulate Longs with Protective Bearish Stops (below market).

Fib


[bets120619]

__________________
Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

0
hiker

TW Member
Registered:
Posts: 8,877
Reply with quote  #2 
hello Dave,

I am wondering what explains my chart location for the NYSE A-D line vs. what is displayed
on your NYSE A-D line chart?

using StockCharts, my ratio adjusted NYSE McO and McSum matches your
values shown on these charts.   The all issues cumulative Advance-Decline line
placement of the December high remains below the late November high on
my version of the A-D line using the DP default chart folder, and when using
my own customized settings and time frame that use the DP default chart folder
as the starting point of building the chart for the cumulative A-D line.

Yet, your chart displays a new record high for the NYSE all issues cumulative Advance-Decline line.

Using the default settings at the default DP folder ... the only index achieving a new record high
by the A-D line in the week ended December 6, 2019 vs. the actual record high achieved
in November or earlier month is the $SML.

Because you earlier pointed it out and I now track the end of day comparison, I realize the Wall Street Journal
daily values for Advancing Issues, Declining Issues and Unchanged Issues at the NYSE differ
by a large amount from the data feed StockCharts is using.

__________________

Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

0
fib_1618

Moderator
Registered:
Posts: 5,158
Reply with quote  #3 
The differences you see in the cumulative data between the $NYAD and !ADLINENYA charts are probably better asked of StockCharts for they *should be* identical since they are presumably using the same data source for both. As far as my personal data is concerned, the current NYAD line is 57 net advancing issues away (22 net advances away on the ratio adjusted) from its all time highs that were made on November 27th.

As far as the SML data is concerned, I show the same from Stock Charts. It should be noted, however, that the Russell 2000 cumulative A/D line is still 1010 net advancing issues from reaching its all time highs as of Friday's close. Since the basket components of both of these indexes tends to be different, I provide this as a matter of comparison only and nothing to do directly with conflicting data sources.

I remember having a discussion on the old Traders Talk board regarding the A/D data around 15 years ago, and the conclusion reached is that every data source can have differing daily numbers (which tend to be slight overall...maybe 10 to 20 issues), which leaves the overall directional cumulative flow as the final arbitrator in this area of analysis. Currently, all of the major Decision Point related A/D lines shown at Stock Charts, as well as the data I personally harvest each week, continues to move in bullish configurations, and until that changes, the path of least resistance for prices remains higher.

Fib

__________________
Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.






Copyright 2000-2020 Technical Watch