Combining A/D Indicators And Volume Patterns
There are certain critical advance and decline levels that serve as excellent high-reward/low-risk entry points to go long the Standard & Poor's 500 for a mid-term run. We have found critical levels associated with two A/D ratios applied to the S&P 500. You can, however, use the indicators to trade any of the S&P 500 constituent stocks. We chose the S&P 500 mainly because many analysts and money managers consider it to be the best proxy for market sentiment. Our findings are based on an analysis of historical data dating back to June 1997.
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