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All ords versus advance decline line

  1. woddonnee

    5,382 posts.
    G'day
    I thought this was an interesting chart. It shows an increase in the number of stocks declining compared to the number rising. At the same time the index is still rising (a bearish divergence?). I guess there is/was flight to safety (blue chips) which supported the index, with small caps taking the brunt. It will be interesting to see what happens when the a/d line turns up. The period covered by the declining A/D line corresponds to my time in the market and my portfolio value. Isn't it ironic (its the good advice that you just didn't take)
    Any thoughts on the chart?
    Cheers
    Rod
    PS I guess the data has only been available for the shorter duration of the a/d line shown?

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