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Chart of the Week: A/D with Volume 2 x 21-day MA

Posted By Barry Ritholtz On May 31, 2005 @ 12:38 pm In Markets | Comments Disabled

Internals continue to improve from oversold conditions but a
pause is likely. NASDAQ improvement suggests that after some digestion (backing
and filling), a summer rally can work higher. As such, expect choppy trade.
Improving internals suggest an upside resolution of the trading range.

Advancers-Decliners with Volume  2x 21-day MA
click for larger graphic

Advancersdecliners_with_volume_2x_21day_ [1]
Source: Kevin Lane, Redwood Technimentals

The 10-day average (blue line) of the net above average
volume advancers (above average volume stocks trading up minus those trading
down) has moved back above the zero line suggesting that more stocks are
trading up on big volume than down – this is a positive change in a conditional
element.

Random Items:

Yield Curve, More Than Shapely Body, Has a Brain [2]

Trojan horse also hit major int’l firms [3]

The real problems with $50 oil [4]

Bullish on housing, no letup in sight [5]

It’s Not a Bubble Until It Bursts [6]

Why smart people defend bad ideas [7]

11 steps to a better brain [8]


Quote of the Day:

“Every time everyone is talking about something, that is the time to
sell."
-George Lindemann [9]

 


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/05/chart-of-the-week-ad-with-volume-2-x-21-day-ma/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/advancersdecliners_with_volume_2x_21day_.jpg

[2] Yield Curve, More Than Shapely Body, Has a Brain: http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_baum&sid=aKYcCy8UTmdE

[3] Trojan horse also hit major int’l firms: http://www.jpost.com/servlet/Satellite?pagename=JPost/JPArticle/ShowFull&cid=1117333096614

[4] The real problems with $50 oil : http://atimes.com/atimes/Global_Economy/GE26Dj02.html

[5] Bullish on housing, no letup in sight: http://www.csmonitor.com/2005/0526/p02s03-usec.htm

[6] It’s Not a Bubble Until It Bursts: http://news.yahoo.com/s/latimests/itsnotabubbleuntilitbursts;_ylt=AiEc2V7tmrXfjGH6LVIAWHCs0NUE;_ylu=X3oDMTA2bm5xNHVjBHNlYwNtcA--

[7] Why smart people defend bad ideas : http://www.scottberkun.com/essays/essay40.htm

[8] 11 steps to a better brain: http://www.newscientist.com/channel/being-human/mg18625011.900

[9] George Lindemann: http://www.forbes.com/finance/lists/54/2002/LIR.jhtml?passListId=54&passYear=2002&passListType=Person&uniqueId=T8EO&datatype=Person

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