Advance/Decline Line Divergence?
Posted: November 29th, 2016, 6:20 pm
Hello one and all particularly Old Charlie
The Americans in their TA text books bang on about the Advance/Decline line.
This interesting link points out there is now potentially a divergence which is worth considering.
http://www.zerohedge.com/news/2016-11-2 ... -alert-yes
In some ways, the post-election “Trump Rally” has been among the most explosive stock market bursts of all time. Depending on the market sector or style, some bounces have been multiple standard deviations beyond anything we’ve seen in years. This has left us, naturally, with many attractive-looking charts of stocks, indices, etc., hitting new highs. But as with any rally, this one isn’t “perfect” from a technical perspective. And among the imperfections is a potentially significant one: the lack, as of yet, of a new high in the NYSE Advance-Decline Line.
Dendyver
The Americans in their TA text books bang on about the Advance/Decline line.
This interesting link points out there is now potentially a divergence which is worth considering.
http://www.zerohedge.com/news/2016-11-2 ... -alert-yes
In some ways, the post-election “Trump Rally” has been among the most explosive stock market bursts of all time. Depending on the market sector or style, some bounces have been multiple standard deviations beyond anything we’ve seen in years. This has left us, naturally, with many attractive-looking charts of stocks, indices, etc., hitting new highs. But as with any rally, this one isn’t “perfect” from a technical perspective. And among the imperfections is a potentially significant one: the lack, as of yet, of a new high in the NYSE Advance-Decline Line.
Dendyver