Justin Mamis and his indicators

Quote from dbphoenix:

This also makes the new highs and new lows and the differential between them almost useless, whereas it was one of the most important guides I used, especially in Oct '98.

But the AVDVd (differential between volume of advancers and decliners) is still effective. The chart below is of the most recent timeframe. Across the top are 5d MAs of the NYSE AD line and AVDVd, next are the same for the Naz, and, at the bottom, a line chart of the Naz price. You'll see where the divergences gave you permission to buy during the recent bounce.
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According to this chart... the market has made new highs w/o confirmation from the volume a/d.

I take that as bearish?
 
Quote from Trend Fader:

According to this chart... the market has made new highs w/o confirmation from the volume a/d.

I take that as bearish?
More...

I don't know what chart you're referring to. Are you talking about June/July '03? The market isn't making new highs on the first chart posted.
 
I'm a Mamis fan too. Db, I think you're being too nice pointing out this stuff to the herd. Of course, most of them will not do anything with it, which is fine with me. You've started yet another superb thread that makes this site worth a daily look. It really is pretty simple; I'm not saying that it doesn't require hard work and perseverance, I just think people make it hard on themselves by thinking they have to muck up their charts with tons of overlapping, lagging indicators. Even the pros are guilty of it but hey, whatever works for you.

Sorry for the superfluous ramble, but I'd just like to thank you again for sharing your tools. I hope you continue to do so in the future.:)

Uni
 
Since my question to Trend Fader hasn't been answered, I'll provide a general answer: no, it is not necessarily bearish if new highs aren't confirmed by the AVDVd.
 
Db,

Mamis also mentions QCHA . Can you shed any light on this subject ( or anyone else)? Can we figure this out for ourselves without having access to a quotron machine?

erie
 
You can figure it out for yourself, but probably not in real time, since there are no charting programs other than QuotesPlus that allow you to create your own indexes, and I don't know if QP has a real-time component. Even if it does, the information may not be important enough to go through all that.

Assuming I know what he's talking about, you can do much the same thing with Excel. Just average the prices of all the Dow stocks into one closing price (or high or whatever), then create a chart in Excel. I used to do this in WOWS, but that wasn't in RT, so it had little to do with my trading.
 
db wrote,"Even if it does, the information may not be important enough to go through all that."

Was thinking along the lines of divergence from the most active of the RUT, SML , SP500 ,etc as far as comparing % change in each in rallies and reactions. Yes it would be calculated on EOD data.
So you think the info may not be important?

erie
 
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