ATMASphere Aug 2014

Once that confirmation occurs, history tells us the market is in trouble.
This paper was being written in 2000, On September 18, 2000; another
“Sign of the Bear” signal was confirmed.
A last interesting note that his author pinpoints is that:
“April 1998 proved to be not only a major top for the daily advance/decline
line of the NY Exchange, it was also the all-time high on the Value Line
Composite Index (Geometric). That high has not been approached to this
day, even though its sister index, the Value Line Composite Index
(Arithmetic) has since gone to new all-time highs.
It has long been our contention that the geometric Value Line is superior to
the arithmetic one in giving a true picture of the average share of stock.
Stock Exchange with an arrow pointing to April 1998 “Sign of the Bear”
signal.
Once again, in real time, the “Sign of the Bear” gave a virtually perfect
signal for a change in the market’s personality.”
This paper is available to the public and it could be found at
http://www.mta.org/eweb/docs/2001DowAwarda.pdf or inside the Journal
of Technical Analysis • Winter-Spring 2002 • Issue 57
(1) Simply divide up stocks by down stocks on the New York Exchange
The chart below shows the daily advance/decline line of the New York
Claudia Mincucci’s specialty is trading micro trends with a focus on
analyzing and trading Stocks, Options, FX, ETFs on a daily basis on the US
and Canadian Stock Indices.
She is a graduate from the University of Buenos Aires , where she studied
Accounting and Business Administration.
She is pursuing her CMT designation and currently lives in Montreal,
Canada. She can be contacted at cmqcca@yahoo.ca.
AUGUST 2014
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