Market tracing short-term ‘continuation’ pattern

We are also updating the daily chart of both the Call/Put Dollar Value Flow Line (CPFL) and Most Actives Advance/Decline Line (MAAD) indicators every day and providing the most recent raw data so you can begin to plot the indicators on your own (see below). The weekly equity index indicator summary provides longer-term commentary based on these indicators.

The definitions of the indicators along with links to the original stories provide helpful background. Also, Robert describes these indicators in a recent I-Trade show presentation available online.

Click charts to enlarge

MAAD data for past 30 days*               CPFL data for past 30 Days

Date

NYSE Adv

NYSE Dec

Date

OEX Call $Volume

OEX Put $Volume

10-4-11

17

3

10-4-11

135619

162696

10-5-11

18

1

10-5-11

62550

58171

10-6-11

19

1

10-6-11

51849

35141

10-7-11

5

15

10-7-11

41682

84455

10-10-11

18

2

10-10-11

74206

70175

10-11-11

14

4

10-11-11

38343

54933

10-12-11

18

2

10-12-11

93491

99714

10-13-11

9

11

10-13-11

60516

60107

10-14-11

19

1

10-14-11

46075

28543

10-17-11

4

16

10-17-11

36424

91068

10-18-11

19

0

10-18-11

130270

49629

10-19-11

3

17

10-19-11

106601

55205

10-20-11

12

8

10-20-11

51476

61401

10-21-11

18

2

10-21-11

173325

55947

10-24-11

19

1

10-24-11

50710

46919

10-25-11

3

17

10-25-11

124067

80552

10-26-11

13

7

10-26-11

72081

29996

10-27-11

19

1

10-27-11

142603

59767

10-28-11

6

14

10-28-11

34594

24620

10-31-11

0

20

10-31-11

43610

89613

11-1-11

1

19

11-1-11

65099

185340

11-2-11

18

2

11-2-11

19282

66752

11-3-11

17

3

11-3-11

58753

44608

11-4-11

3

17

11-4-11

38211

34645

11-7-11

13

5

11-7-11

31456

27790

11-8-11

19

1

11-8-11

87594

30011

11-9-11

0

20

11-9-11

50087

143660

11-10-11

13

7

11-10-11

24105

43884

11-11-11

20

0

11-11-11

52598

38302

11-14-11

1

19

11-14-11

37003

34954

*Note: Unchanged issues are not counted.

Robert McCurtain is a technical analyst/market timer, private investor and financial markets consultant based in New York City. He is a member of the Market Technicians Association and can be reached at traderbob@nyc.rr.com.

If you would like to read more about how the CPFL is constructed, read a Futures article on the concept. This link will take you to the MAAD article.

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