Technical_Analysis_page_176

Technical | Analysis page 176 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 8 Measuring Market Strength 147 Colby (2003) reports that taking a one-day advance-decline ratio and buying the Dow Jones Industrial Average (DJIA) when the ratio crossed above 1.018 and selling it when the ratio declined below 1.018, in the period from March 1932 to August 2000, would have…