[GlobalCitizen]

SPY and DOW below their 30-week moving averages. What will happen from here?

Keep an eye on the market breadth indicators that everyone posts each week. They make up what Stan refers to as the "Weight of Evidence" and should be considered as one.

They give us clues as to the path of least resistance for the US market and help with timing.

Read chapter 8 in the book for more info, and there's a lots about them on here in various threads from over the years.

Yes, I've been following your market breadth indicators for quite some time now. It was really a rhetorical question. I do find them hard to read sometimes cause I don't recognize all of em from the book. Am I missing something?

[isatrader]

Yes, I've been following your market breadth indicators for quite some time now. It was really a rhetorical question. I do find them hard to read sometimes cause I don't recognize all of em from the book. Am I missing something?

The book only shows a small sample of breadth indicators to get you started, but Stan is famous for using more than 50 in his Weight of Evidence approach. So I recommend doing an indepth study on market breadth from all sources and learning how they are used, as for me I've found it to be the most important part of Stage Analysis, as the Weight of Evidence helps you to look under the surface of the market and see the true Stages before they become evident from the price action in the major market averages. And hence, postion accordingly.

[kero]

Isatrader, if I can a question...

I'm trying to reproduce some of your charts in Stockcharts. For better learning how to use the website and for trying to better understand the advantages of each indicator. Now, in your post with AD Breadth charts and others (https://stageanalysis.net/forum/showthre...4#pid12924), there are two charts (second and fourth), which represents "cumulative AD line" and "cumulative AD volume line". On this two charts, there are two indicators that I dont understand: the third and the fifth panel counting from the top doesn't contain any indication. May I know what they do represent ?

[isatrader]

Isatrader, if I can a question...

I'm trying to reproduce some of your charts in Stockcharts. For better learning how to use the website and for trying to better understand the advantages of each indicator. Now, in your post with AD Breadth charts and others (https://stageanalysis.net/forum/showthre...4#pid12924), there are two charts (second and fourth), which represents "cumulative AD line" and "cumulative AD volume line". On this two charts, there are two indicators that I dont understand: the third and the fifth panel counting from the top doesn't contain any indication. May I know what they do represent ?

They are different variations of the MACD of the AD line. I've attached the settings and turned on the legends so that you can reference them with the settings below.

The most useful indicator on the chart is the 10 and 30 week exponential MAs of the cumulative line imo, as it's signals are very useful, and I think they were talked about in the "Technically Speaking" interview if I remember correctly. But they all give a different perspective that helps with the weight of evidence.

   

[GlobalCitizen]

Yes, I've been following your market breadth indicators for quite some time now. It was really a rhetorical question. I do find them hard to read sometimes cause I don't recognize all of em from the book. Am I missing something?

The book only shows a small sample of breadth indicators to get you started, but Stan is famous for using more than 50 in his Weight of Evidence approach. So I recommend doing an indepth study on market breadth from all sources and learning how they are used, as for me I've found it to be the most important part of Stage Analysis, as the Weight of Evidence helps you to look under the surface of the market and see the true Stages before they become evident from the price action in the major market averages. And hence, postion accordingly.

  Any books you recommend on market breadth? There are so many sources, I'd like to get the best.

[isatrader]

Any books you recommend on market breadth? There are so many sources, I'd like to get the best.

One of the best ones for me was the 2007 edition of Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices https://www.amazon.co.uk/Point-Figure-Ch...066&sr=1-4 which you can get a used copy of for less than £10 on Amazon. It introduced a lot of market breadth tools and ways of looking at relative performance that are relevant to Stage Analysis. It's heavy on the sales pitch to try and get you to sign up for their services, but if you ignore that, then it's excellent book for learning some essential tools for analysing market breadth using point and figure.

[kero]

They are different variations of the MACD of the AD line. I've attached the settings and turned on the legends so that you can reference them with the settings below.

The most useful indicator on the chart is the 10 and 30 week exponential MAs of the cumulative line imo, as it's signals are very useful, and I think they were talked about in the "Technically Speaking" interview if I remember correctly. But they all give a different perspective that helps with the weight of evidence.

Hey, this is cool. Thank you. I have that article but I still didn't read it.

May I abuse asking you also how do you draw the horizontal lines in the charts where you represent the $BPNYA/$NYA200R/etc. indicators ? I see that your horiz lines are all blue, while I'm incapable of representing them with the same color (after a long time trying to...). For example here: https://stageanalysis.net/forum/showthre...3#pid12923

Last thing: a remark. Different sources of information point out the fact that for the advance/decline data, it is better to use the AD Common data, and not the AD All data. $NYAD is about All (which includes a lot of stuff other than "normal" actions, such as funds). With !ADLINENYC/!ADVNYC/!DECLNYC you could use Common data (for the equivalent to NYAD you can type "!ADVNYC-!DECLNYC" if I'm not wrong). It is deliberately that you don't use them ?

[isatrader]

May I abuse asking you also how do you draw the horizontal lines in the charts where you represent the $BPNYA/$NYA200R/etc. indicators ? I see that your horiz lines are all blue, while I'm incapable of representing them with the same color (after a long time trying to...). For example here: https://stageanalysis.net/forum/showthre...3#pid12923

Here you go, these are the nasdaq settings. Adjust accordingly with the appropriate symbols for the nyse, spx charts etc.

   

Last thing: a remark. Different sources of information point out the fact that for the advance/decline data, it is better to use the AD Common data, and not the AD All data. $NYAD is about All (which includes a lot of stuff other than "normal" actions, such as funds). With !ADLINENYC/!ADVNYC/!DECLNYC you could use Common data (for the equivalent to NYAD you can type "!ADVNYC-!DECLNYC" if I'm not wrong). It is deliberately that you don't use them ?

The common data isn't setup in the same way, so it doesn't work in the various configurations that I use in the charts. Plus the difference between them seems minor enough to not worry about it, as it's similar enough for the Weight of Evidence imo, and signals have always been good.