taggard wrote:if there was only one tool (other than price action) i would chose the NYMO(with a histogram on it)--it works better than most over a short period of time.
Is there an intraday NYMO because Stockcharts.com is updated after all is said and done.
oh, just to let you know, I have to leave around 3:30pm ET, might back after bell.
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taggard wrote:if there was only one tool (other than price action) i would chose the NYMO(with a histogram on it)--it works better than most over a short period of time.
Is there an intraday NYMO because Stockcharts.com is updated after all is said and done.
i use a 10 and 30 day moving average of the nyse advancers and decliners during the day. the 10 day ma of nyse is very close to nymo. but since most are not creating this one way or another it's easier to talk about NYMO. also the divergences are even easier to see using a slo sto set at 5/3/3 and a histogram (stock settings) You can get it on some platforms. The thing about (10 ma of the nyse ad line) NYMO is that it only gets you close--then you are looking at 60 15 and 5 min data. So having it during the day is optional. If the nymo is like the 10 ad. The nysi is like the 30 ad. i use an rsi stock setting and when the two match up you are about there. on the 10/30 ma of nyse ad--you just get a cross over so it's all in one place. Nysi esp is hard to read the index only to me--so the rsi on it works decently.
good pick up some strength here. Remember bulls must make a decisive breakout, there's no turning back.
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