This is usually a pretty decent indicator. Right now the S&P is down 25 and the ADD is only -645. Generally When the ADD is down 645 the market would be down 5-6 points. Any thoughts on why there is such a huge difference today? I totally got suckered by that rally after the fed minutes and held much longer then I should have because the internals (TICKS and ADD) looked so strong)
I use a AD / DL created from a DDE feed to show the exact sp500 AD / DL instead of the NYSE AD / DL The NYSE AD / DL has a lot of stocks that are not included in the sp500 and i feel it is sometimes disinformation... The sp500 AD / DL was very bearish all day... <img src="http://www.enflow.com/p.gif">
?...........the largest stocks in the index are down an inordinate percentage compared to the smaller issues?