Hi MIJ, Re: Fosback's High/Low Logic Index......................
I pull data from Barron's on a weekly basis. Mr. Fosback based his in the NYSE originally. Since Barron's had it for the NYSE and NASDAQ, I chose to combine both for my "Divergence Index." It works the same as Mr. Fosback's HLLI with it looking at both the number or new highs and lows and taking the Smaller of the values as a percentage of all issues traded in the week. There are weeks when NYSE and NASDAQ are in sync and some weeks when they're moving differently. In total, it works pretty well with the combo.
BARRON'S has been very consistent over the years. I have data from 1982 on to this week. It's an effective sentiment indicator, but is a bit fickle and can change direction quickly. Most libraries will have Barron's available. I subscribe to the On Line version as it saves me about a 10 mile drive (each way).
Hope this helps,
OAG Tom
Buy from the Scared; Sell to the Greedy.....
