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NSE Advance-Decline line collapsing fast |
SwingTrader
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Post: #1  Posted: Tue Nov 07, 2006 6:20 pm Post subject: NSE Advance-Decline line collapsing fast |
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Is anyone looking at the NSE advance-decline line chart? (available under "Breadth Charts" on the menu). It has collapsing during the past 2-3 weeks even as the market is rising strongly. This is not a signal to dump stocks but could be a warning of coming consolidation or decline.
Any opinions?
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Srikanth Kurdukar
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #2 Posted: Sat Nov 18, 2006 9:36 pm Post subject: |
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Anyone watching the NSE advance-decline line, since my post above it has collapsed further to JUL lows. This indicates market losing support fast. Could this be hinting at an impending correction or at least a significant sideways consolidation?
Any opinions anyone?
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Srikanth Kurdukar
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Fibo
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Joined: 23 Nov 2006
Posts: 2
Location: Mumbai
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| Post: #3 Posted: Thu Nov 23, 2006 12:25 am Post subject: |
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| SwingTrader wrote: | Anyone watching the NSE advance-decline line, since my post above it has collapsed further to JUL lows. This indicates market losing support fast. Could this be hinting at an impending correction or at least a significant sideways consolidation?
Any opinions anyone? |
Hi ST,
Yes, you are right. For the last three weeks A/D was negative, and that's a worrisome factor. Sure sign of a weakness. Surprisingly, markets are making new highs ! An unattended wound gets worse !
Thanks,
Fibo. |
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Fibo
White Belt
Joined: 23 Nov 2006
Posts: 2
Location: Mumbai
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| Post: #4 Posted: Thu Nov 23, 2006 12:26 am Post subject: |
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| SwingTrader wrote: | Anyone watching the NSE advance-decline line, since my post above it has collapsed further to JUL lows. This indicates market losing support fast. Could this be hinting at an impending correction or at least a significant sideways consolidation?
Any opinions anyone? |
Hi ST,
Yes, you are right. For the last three weeks A/D was negative, and that's a worrisome factor. Sure sign of a weakness. Surprisingly, markets are making new highs ! An unattended wound gets worse !
Thanks,
Fibo. |
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Rubic123
White Belt
Joined: 17 Feb 2010
Posts: 8
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| Post: #5 Posted: Fri Oct 28, 2011 4:22 pm Post subject: NSE AD Line |
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Dear STji,
Am attaching a chart of NIfty AD line. Nifty made a dbl bottom @ 4720 and there was a lower bottom on the AD line. Does this confirm any sort of divergence. Could a positional NF have been initiated @ 4800. Appreciate your comments.
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