As some of you already know, I keep track of Arms data daily.
With that I have devised my own indeces for which I have 4 to5 yrs of daily data
Yesterday I experimented with turning it into a precentage by simply dividing adv/decl by the vol ratio, and got fascinating results.
The ratio resulted in highs of 1.20% to a low at .04%
In yr 2007:
Feb = 1.09% at dow 12550
March 7th = .41% at dow 12192
May = .99 @13363
June 7-12= .44% @ dow 13295
But more important the index = 101% on June19th @ 14000
On 9/17 it dropped to .04% as the dow hit 13,400
BUT again more inportant hit 111% at dow 14,000 on oct 10th.
Nov 12 = .39%
Nov 20 = 1.12%
Dec4 = .38%
NOw near 100% indicating a HIGH in the making
Ive also turned the daily JAYWIZ INDEX into a 10 day ave, now that I have enuf data.
yesterdays daily index = 33, and when computed , the 10day ave is now@ 38.7
Not a raging SELL, but no where near a buy which would have to be well above 60.
I previously noted the POLARITY indicator did DROP dramatically at 5am today or was at least update to show it that way. I did notice late yesterday that the magnometer started to decline after market hours so that change was not unexpected to me at least, and it was a great confirmation to watch that happen.
Best Wishes
Jay
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