Originally Posted by
Pascal
It is not always the case. The often move in the same direction.
Why is anybody's interpretation.
The only thing that I can tell is that the Cumulative Tick measures the number of price upticks minus the price downticks for all the NYSE traded stocks. It is therefore a very wide measure of accumulation/distribution that tracks mainly small stocks (because there are more small than large stocks).
The 20DMF tracks the LEV pattern of large stocks and hence tracks the accumulation/distribution of large players.
In other words, the cumulative tick might be closely linked to IWM moves why the 20DMF is linked to SPY moves.
Pascal
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