The Real Advance Decline Line by Frank Barbera Jr., C.M.T.
ARTICLE SYNOPSIS ...The Real Advance Decline Line by Frank Barbera Jr., C.M.T.
Each day, stock market analysts calculate the number of stocks closing up versus the number of stocks closing down, resulting in the advance-decline line. This simple arithmetic exercise can help confirm the underlying trend or point to deteriorating market conditions. However, changes in the market have altered the perceptions of one analyst in particular on how to calculate the A-D line. Here's how former Financial News Network market analyst Frank Barbera now looks at the daily A-D line.
For many years, the daily advance-decline ...