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Administration
Joined: 9/30/2004
Posts: 6,470
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There is a Feb 17, 1998 note by Don Worden referenced in the help file that is no longer available in the software. For reference I am posting the note and the attached chart here for reference.
StockGuy
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In recent days there has been much speculation as to whether or not the market’s current rally to new all-time highs is the final blow-off. A sucker’s rally, if you will. We certainly do not intend to provide you with an all-knowing, definitive answer to this question of potentially epic proportions. However, this chart representing the percentage of stocks 2 channels (2 standard deviations) above their 200 day moving average would appear to indicate a distinctive and rather stark loss of upside momentum among the stocks on the NYSE. The new market highs at points A and B were accompanied by a large percentage of stocks participating in the rallies. However, the pullback to point C saw a large number of stocks deteriorate quickly. Further, the current rally to new all-time highs at point D shows a significant lack of broad market participation.-DW
 Attachments:
DWNote02171998.gif - 21 KB, downloaded 310 time(s).
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 Gold Customer
Joined: 11/30/2004
Posts: 4
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Ref: Worden Note from 1998 - T2111 %2 Chan Above 200 Avg Posted : Friday, April 13, 2007 4:36:51 PM
Is it possible to obtain the referenced chart?
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Gold Customer
Joined: 6/17/2005
Posts: 45
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Hello
How does one make the T2111 %2 Chan Above 200 Avg?
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Worden Trainer
Joined: 10/7/2004
Posts: 31,161
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pegasis,
Just choose T2111 as the Active Symbol in TeleChart. It works just like a Symbol for a Stock or Index.
Worden’s Market Indicators (T2s)
-Bruce
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