Quote Originally Posted by Puddy View Post
Mike,

It has been some time since I looked at Wayne's definition for his index so my recall may be faulty. Recollection is that he was using data only from the S+P 500 for this.

Best, Puddy
You are I think correct. He started with this definition using NYSE originally and the table is from that definition. He switched to the S&P500 later. He has to compile the S&P data himself I believe as those statistics are not published. It would take a lot of time each day to hand compile S&P statistics so I remain rooted in the old definition. The fact that the NYSE is littered with long and short ETF instruments is why he shifted to the S&P. So the analysis is not as pristine as I would like but the best I can do with my resources. I believe the obvious shift toward more and more 52-week lows is still significant even with the issue stated above.