This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Hi CR. I'd like to show you this chart as well. It's the NYAD chart where the ultra-volatile daily fluctuations are taken right out of the picture by making them invisible. Instead we just look at two moving averages of the daily NYAD. What emerges is a picture of an extreme negative divergence with the price action on the NYSE itself. I mean, this is simply stunning. NYAD Daily
We've seen a steady rise in the NYSE since Dec. but for a month now we've seen fewer and fewer issues participating. In fact we're almost at the stage where more stocks are declining than advancing. This is so out of whack with a rising market that there can be only one thing causing it... a flow of funds into fewer and fewer issues until the day finally arrives that only a handful of powerful horses are pulling the entire stock wagon. It's not going to continue.
The chart I attached goes a long way toward supporting the notion that Ron's 'cumulative' NYAD is indeed about to roll over. It's a very bearish signal, but at the same time it could also simply be pointing toward a looming pullback and not much more.
Say "hello" to Nigel Farage for me next time you see him, ok?
Thanks AR,that is a nice chart and certainly suggests something is wrong.I don't look at the NYAD much and was partly inspired by your debate with our friend who will remain nameless ! Ron himself tends to concentrate on other breadth indicators lie BPI and McSum which had recently turned negative and are 2 of his 4 main swing indicators. He has recentlu gone to private subscription so I'm not sure what his latest thoughts are.I watched a very interesting video by Jim Sinclair about how,in his view gold was slammed by the PTB because they feared it was about to break out and send the "wrong" signal to theworld about events in Greece.i find that all too likerly and suspect the recent strength in the stockmarket may be a similar manifestation. Farage is great isn't he.I suspect he and i frequent different water holes though ! All the best man
Some of the 'guys' have stated that they've made their last trip to that site. They're fed up. Papa Boule stated that he will comment there no more. If I'm not mistaken some of them said they won't even be opening that page to read comments any more either, simply because they already know what they're going to find there.
I made one comment this weekend, probably my first in a week and that was only in self defense. The arse started telling lies again so I simply had to blast him one more time. If he'd just stop attacking myself and others in our absence I could live with not even opening that page ever again. But I just hate being attacked and lied about when I'm not there. What a monster.
Well the forum you are providing seems to be getting off to a great start and is infinitely more civilised,great job and I hope to visit it more frequently
Alberta, your understanding of how the cumulative NYSE A/D line works is not very good. There has not been any extreme negative divergence over the last month as you claim. In fact, the cumulative A/D line on the NYSE has only recently peaked as of last Tuesday, and as of Monday's close was a mere (-342) off the recent highs.
I have never mentioned the "cumulative", nor have I been referring to the "cumulative" although I do refer to it every day. I am referring to this chart and its message. When are you going to get that through your thick skull Wagner?
I'm talking about apples and you're talking about oranges. My point is very valid. The chart I have been presenting is very valid and offers evidence that you, if you were at all astute, would recognize. Now leave me alone about it. Don't you think you've cause yourself enough irreparable damage already by continuing to hound and harass somebody who is light years ahead of you in the technical analysis field? You've bitten off way more than you can chew, I assure you.
Hi CR. I'd like to show you this chart as well. It's the NYAD chart where the ultra-volatile daily fluctuations are taken right out of the picture by making them invisible. Instead we just look at two moving averages of the daily NYAD. What emerges is a picture of an extreme negative divergence with the price action on the NYSE itself. I mean, this is simply stunning.
ReplyDeleteNYAD Daily
We've seen a steady rise in the NYSE since Dec. but for a month now we've seen fewer and fewer issues participating. In fact we're almost at the stage where more stocks are declining than advancing. This is so out of whack with a rising market that there can be only one thing causing it... a flow of funds into fewer and fewer issues until the day finally arrives that only a handful of powerful horses are pulling the entire stock wagon. It's not going to continue.
The chart I attached goes a long way toward supporting the notion that Ron's 'cumulative' NYAD is indeed about to roll over. It's a very bearish signal, but at the same time it could also simply be pointing toward a looming pullback and not much more.
Say "hello" to Nigel Farage for me next time you see him, ok?
Thanks AR,that is a nice chart and certainly suggests something is wrong.I don't look at the NYAD much and was partly inspired by your debate with our friend who will remain nameless ! Ron himself tends to concentrate on other breadth indicators lie BPI and McSum which had recently turned negative and are 2 of his 4 main swing indicators. He has recentlu gone to private subscription so I'm not sure what his latest thoughts are.I watched a very interesting video by Jim Sinclair about how,in his view gold was slammed by the PTB because they feared it was about to break out and send the "wrong" signal to theworld about events in Greece.i find that all too likerly and suspect the recent strength in the stockmarket may be a similar manifestation.
ReplyDeleteFarage is great isn't he.I suspect he and i frequent different water holes though ! All the best man
Some of the 'guys' have stated that they've made their last trip to that site. They're fed up. Papa Boule stated that he will comment there no more. If I'm not mistaken some of them said they won't even be opening that page to read comments any more either, simply because they already know what they're going to find there.
ReplyDeleteI made one comment this weekend, probably my first in a week and that was only in self defense. The arse started telling lies again so I simply had to blast him one more time. If he'd just stop attacking myself and others in our absence I could live with not even opening that page ever again. But I just hate being attacked and lied about when I'm not there. What a monster.
In any event... all the best to you as well bud.
Well the forum you are providing seems to be getting off to a great start and is infinitely more civilised,great job and I hope to visit it more frequently
ReplyDeleteAlberta, your understanding of how the cumulative NYSE A/D line works is not very good. There has not been any extreme negative divergence over the last month as you claim. In fact, the cumulative A/D line on the NYSE has only recently peaked as of last Tuesday, and as of Monday's close was a mere (-342) off the recent highs.
ReplyDeleteI have never mentioned the "cumulative", nor have I been referring to the "cumulative" although I do refer to it every day. I am referring to this chart and its message. When are you going to get that through your thick skull Wagner?
ReplyDeleteI'm talking about apples and you're talking about oranges. My point is very valid. The chart I have been presenting is very valid and offers evidence that you, if you were at all astute, would recognize. Now leave me alone about it. Don't you think you've cause yourself enough irreparable damage already by continuing to hound and harass somebody who is light years ahead of you in the technical analysis field? You've bitten off way more than you can chew, I assure you.
seems like he bought a knife to a gunfight AR.....
ReplyDeletePS how did you know it was Wagner ? lol
ReplyDelete