Other Technical Analysis Indicators

Corporate insider activity is a measure of longer-term oriented investors who tend to be right at turning points.

An eightweek ratio of sells to buys as reported by Vickers is maintained.

A ratio of 3:1 is bearish.

A ratio under 1.25:1 is bullish.

This indicator usually leads by long time periods. I

n the final category of medium-term indicators we find measures of speculative interest. Bottoms in the market are made when there is a total lack of speculative interest, and tops are made when there is tremendous speculative interest. Equity financing, discussed earlier, is one measure of speculative interest.

Others Technical Analysis indicators include...

The daily volume in the OTC market relative to daily volume on the NYSE. Peaks in this ratio tend to correspond with peaks in the market.

 

• Relative price.

A comparison of the S&P highgrade stock index to the S&P low-priced stock index as reported in the Standard & Poor’s publication Outlook. Divide the low-grade index by the highgrade index. That ratio rises during bull markets and declines during bear markets. 

 

• The average price of the most active list. It tends to get low at market tops and high at market bottoms. 

• Volume in the 30 Dow stocks compared to the NYSE. This measure tends to go down as the market goes up and up as the market goes down.