Traders' Forum

accumulation *PIC*
By:j-links
Date: Thursday, 4 March 2010, 10:02 pm

Here is a chart showing the cumulative AYDIS.....the indicator I mentioned recently. The AYDIS is a 3 day MA of the spread between the CLX (volume breakouts of the Dow 30) and the CLXPP (the breakout volumes of the Dow stocks per penny).

The is a long term chart encompassing the all time Dow high through the crash low and subsequent rise. There is a lot of energy in this indicator as it is well into new highs. Note as well as the recent positive divergence to price.

I think indicators such as this have very little near term value.....but longer term these divergences and relative angles can show their usefulness.

Responses To This Message

Re: accumulation
Z -- Thursday, 4 March 2010, 10:27 pm