AI
Wednesday, November 05, 2003 3:13:05 PM
Improved Charts on NASDAQ Net New Highs over Issues Moving since 1984.
I've spread the data over 5 (rather than 4) charts, and have
added a 55 day EMA over the 21 day EMA. You'll have to scroll
sideways to look at this, but that's on purpose -- it's so you
can see the data as one continuous thread. I think looking at
it this way helps to illustrate two very important points:
[1] what a truly powerful move this is we are experiencing;
[2] during a bull move, this indicator peaks well before the
market does, meaning this thing is probably far from finished.
Notes:
[1] The vertical lines are spaced 10 trading days apart.
[2] The data on these charts consists of Net New Highs, (i.e.,
New Highs - New Lows), divided by the total number of issues
either advancing or declining on the Naz that day.
]
I've spread the data over 5 (rather than 4) charts, and have
added a 55 day EMA over the 21 day EMA. You'll have to scroll
sideways to look at this, but that's on purpose -- it's so you
can see the data as one continuous thread. I think looking at
it this way helps to illustrate two very important points:
[1] what a truly powerful move this is we are experiencing;
[2] during a bull move, this indicator peaks well before the
market does, meaning this thing is probably far from finished.
Notes:
[1] The vertical lines are spaced 10 trading days apart.
[2] The data on these charts consists of Net New Highs, (i.e.,
New Highs - New Lows), divided by the total number of issues
either advancing or declining on the Naz that day.
]
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