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This guide explores the Advance-Decline Line, an essential tool for gauging market health by measuring the difference between advancing and declining stocks. We focus on pure stocks, excluding preferred shares and closed-end bond funds, to provide a clearer picture. Additionally, we delve into Fibonacci's numerical sequence, its historical significance, and its applications in the stock market, including price retracements and time targets. Discover how these concepts can enhance your investment strategies and decision-making.
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The search for good information To help you guide investments
Advance Decline Line • Measures on a broad scale whether stocks are going up or down. • A gage of the of the health of the market • The best measure is pure stocks • Exclude preferred stocks, closed end bond funds like Nuveen.
Fibonacci, 1170 to 1250 AD • Responsible for spreading the Hindu-Arabic numeral system. • Numerical sequence is named after him • 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, etc • Golden Ratio 1:1.618 or 0.618:1
Stock Market Applications • Price Retracements / Targets • Classic 38.2, 50, 61.8 + Others • Time targets • Classic 0.618, 1, 1.618 • 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, etc. • Elliott wave Time & Price Projections • Wave time and price relationships