Modified Ned Davis Method—Breadth Divergence April 2016, by Frank Roellinger
Over the years I have developed a lot of respect for the condition of breadth divergence, when an index such as the S&P 500 is rising and the NYSE daily cumulative advance-decline line is not. In January 2016 I listed the performance of my method on the short side as a function of the number of consecutive weeks of divergence at the time of the …