SMC Update 4-7-21

04/07/2021


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spencerdavis2000
spencerdavis2000

Thanks Peter. Honestly, NinjaTrader is a much better platform. It allows development in C# rather than easy language and I know Steffen can do both because I think he also does programming for Larry Williams and Larry uses Ninja -- I think I have read somewhere Larry giving him kudos. I used to do development in NInja for version 7 but didn't continue with version 8 Tradestation is very buggy I think from a user perspective, I don't know how it is for development It would also give those folks an option to not have to keep their Tradestation account just to use with these charts since I would rather go with TastyWorks and just use Ninja for your charts. An interesting idea I hope :)

henryj1126
henryj1126

Peter (and anyone else that has decent data), we have been looking for a decline in the NYSE Adv/Dec chart line, as is typical ahead of a major top.... BUT, if I remember correctly didn't the 1973-1975 Bear Market start with the NYSE Adv/Decline line right at all time highs? I could not find the data but I remember seeing that "fact" in a comparison of "highs" years ago. If anybody knows the answer feel free to enlighten me ! --Henry (PS---speaking of 1973, does anybody remember the famous Barron's headline from that era?? ...the magazine polled a list of very well known professional investors and the subsequent headline was "Not a Bear Among Them" !! That was the very month of the top. Yikes. )

Optimus
Optimus

@Henry, I don't recall. But, I did a quick Google search and according to at least one chartist, the answer is no. "Before the 1973-1974 bear market, the A/D Line peaked four years ahead of the Dow.

"As long as the A/D line confirms the trend of key averages, all systems are go." {Source: https://www.moneyshow.com/articles/guru-22979/}

Peter Eliades
Peter Eliades

henryj1126 said:

Peter (and anyone else that has decent data), we have been looking for a decline in the NYSE Adv/Dec chart line, as is typical ahead of a major top.... BUT, if I remember correctly didn't the 1973-1975 Bear Market start with the NYSE Adv/Decline line right at all time highs? I could not find the data but I remember seeing that "fact" in a comparison of "highs" years ago. If anybody knows the answer feel free to enlighten me ! --Henry (PS---speaking of 1973, does anybody remember the famous Barron's headline from that era?? ...the magazine polled a list of very well known professional investors and the subsequent headline was "Not a Bear Among Them" !! That was the very month of the top. Yikes. )

Sorry, Henry, not even close at the January 1973 top. The a-d line had been declining for over FOUR YEARS at that point!!!

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