Is Advance-Decline Line Divergence A Big Deal? (Spoiler Alert: Yes)

Bitcoin Watch Shop / Via Dana Lyons’ Tumblr / Nov 29, 2016 8:21 AM

Non-confirmations by a NYSE Advance-Decline Line of new marketplace highs have mostly signaled vital difficulty for bonds – will it be a box this time?

In some ways, a post-election “Trump Rally” has been among a many bomb batch marketplace bursts of all time. Depending on a marketplace zone or style, some bounces have been mixed customary deviations over anything we’ve seen in years. This has left us, naturally, with many attractive-looking charts of stocks, indices, etc., attack new highs. But as with any rally, this one isn’t “perfect” from a technical perspective. And among a imperfections is a potentially poignant one: a lack, as of yet, of a new high in a NYSE Advance-Decline Line.

If you’ll recall, a Advance-Decline Line, or A-D Line, is a accumulative using total of NYSE Advancing Issues reduction Declining Issues on a daily basis. Now, per a non-confirmation, or “divergence”, there are copiousness of reasonable caveats that we will hold on below. First off, however, because are such divergences potentially significant? Generally speaking, as we are large proponents of clever marketplace extent within a rally, we like to see a A-D

Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824