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Rightfield

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Reply with quote  #1 
The NYSE volume MCO closed today at 129.99, the third highest reading in 35 years!

The highest reading was in 2009 after the "generational bottom" was put in place in the wake of the financial crisis decline. The second highest reading was in 1982 which marked the initiation of the secular bull of the 1980s and 1990s.

Short term the market  is very overbought but the NYSE volume MCO still has an outside shot at the all time record high tomorrow if the market somehow eeks out another very strong volume plurality day. Something I'll be watching for even though the odds are not very favorable given the current extreme overbought oscillator level.

lt nyad.jpg.png 


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fib_1618

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Reply with quote  #2 
Quote:
Originally Posted by Rightfield
The NYSE volume MCO closed today at 129.99, the third highest reading in 35 years!

Thanks for the bringing this to our attention RF!

I was also able to generate this data going back to 1965 and we can see that Thursday's reading was also the sixth highest since that time on a daily basis, with three of those readings taking place during the 1970's bear market (the highest being a +152). Also of note is that if we can hold at these levels on Friday, it would be the highest point ever since 1965 on a weekly basis.

Fib

[nysevoldaily100815] 

[nysevolweek100815]

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Rightfield

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Reply with quote  #3 
Thanks for the additional data fib.
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hiker

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Reply with quote  #4 
great thread!

the October 9th location for the NYSE common-stock only A-D volume line
is a vigilance item as we proceed:

NYSE daily chart with common-only A-D lines marking the Dec and July low - October 9, 2015

* the A-D volume line retests the prior double-bottom from below ... signature for what
we can label as a "reflex rally" to date?

Note the $NYA price action has not achieved a daily close above its 65-day sma since late June, 2015

NYSE daily with common-only A-D lines marking Dec and July low - October 9, 2015 - A-D volume line retests the double-bottom from below.png


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