fib_1618
Moderator
Registered: 11/29/04
Posts: 2,403
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Reply with quote | #1 |
__________________
"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
“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 |
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mortiz
TW Patron++
Registered: 11/29/04
Posts: 1,036
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Reply with quote | #2 |
Fib,
A couple weeks ago, divergences between the weekly NYA weighted and unweighted prices began diverging with the weekly NYA AD line (calculated by comparing Friday over Friday price changes of the NYA components).
From the NYSE daily common AD numbers I have, the daily AD line did not diverge with the NYA, albeit the October 19th common AD line new high was nominal.
The weekly common AD line divergence with price was evident as the below chart suggests.
Currently, both the daily and weekly unweighted NYA indices have broken their respective October 2nd lows, where the traditional (weighted) NYA has yet to do so. The unweighted NYA has a habit of leading the weighted NYA index.
The next chart illustrates the weekly unweighted NYA price violation of its October 2nd low.
FWIW
Randy
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