Example - Market Indicator - Upside Volume / Downside Volume

There is mention in William O'Neil's , How to Make Money in Stocks. He states that an impending up turn in the market occurs, after a decline of 10-12 percent, while the market continues to drop, the upside/downside volume starts to shift.

Zweig states a ratio of 9-to-1, with two signals in any 3-month perod, suggests a strong market to follow.

You can grab this shared layout in StockFinder, PatientFisherman_Upside_Downside_Vol.

* Ratio of positive numbers will always yield postive numbers.

Reference: Market Breadth Indicators, Gregory L. Morris

4 Response to Example - Market Indicator - Upside Volume / Downside Volume

July 4, 2010 at 9:18 PM

Thanks for the layout. Now to get some tutoring on how to read what is taking place. I'm dense so any help will surely help.
Thanks again

July 6, 2010 at 1:24 PM

Thanks. But I can't seem to find the layout in StockFinder.

July 6, 2010 at 2:42 PM

Just wondering what criteria you use to select stocks for "Price momentum and value" list. I was assuming momentum and P/S rank and probably Short interest but some of the stocks like EDU, GPOR, LULU etc. have very high P/S (although they do have very high short interest).
If you choose not to disclose criteria then I respect that and it is fine with me. Thanks for all your hard work.

July 6, 2010 at 7:24 PM

Nirav - It should be up there under "PatientFisherman_Upside_Downside_Vol" I just shared it again.

Nashasa - It looks like the pool of stocks I was grabbing from has shrunk so much we're getting higher PS ratios in the mix. I'm making some adjustments this evening.

Art - Feel free to drop me an email with any questions.

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