Market direction indicators, 3

Continuation of discussion about How Markets Really Work: A Quantitative Guide to Stock Market Behavior

NYSE Advancers vs Decliners

Over the short term (1 day and 1 week later), following:

Consecutive days of NYSE Decliners outnumbering Advancers, the market goes higher;

Advancers outnumber Decliners and the market is already under its 200-day moving average, the market goes down;

Advancers outnumbering Decliners by 2 to 1 or even 3 to 2, the market goes down;

Volume

Over the short term (1 day and 1 week later), following:

Largest volume (of the last 10 days) on the same day of the largest range (of the last 10 days), the market goes up.

...cont'd tomorrow...

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