Replies to post #6527 on MDA - Market Direction Analysis (MDA)

[redwards]

hk2. interesting, thanks for posting that chart signal.

[augieboo]

I think it's exactly what it seems, Jim, i.e., the percentage of stocks which are at all time highs. But I don't know what exchanges they use, i.e., whether they count BB stocks or foreign issues on U.S. exchanges.

So I guess what I'm really saying is, I don't know either. {G}

[augieboo]

Here's my personal "Is the Crud Running Yet?" Indicator:

It's the DOW divided by the RUT (Russel 2000). The dow is 30 very large caps and the RUT is 2000 small caps.

Theory: One of those traders' rules (that never really seem to have any statistical basis to them) says that large caps usually lead a rally and small caps lag until the latter stages. Thus, as the RUT gets comparatively stronger, (compared to the DOW that is), this ratio should get smaller, since I'm using the RUT as the denominator.

Disclosure: I really have no idea if this one works or not, but I thought I'd post it for the sake of conversation. {g}

Thoughts????????????????????????????

[augieboo]

Here are a couple I got from ajtj99 -- I don't know where he got them or if he made them up.

[bl]

Great new chart...much like the $BPCOMPQ.
thanks

[Tom K]

hk2, please let me know what you find. I use the Record High Percent but I still don't know how it's constructed. Daily levels above .97 or below .03 are also significant. Yesterday it reached .95 for the NYSE Composite.