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An Analysis of the Advance-Decline Line as a Stock Market Indicator

Alan J. Zakon; James C. Pennypacker

Journal of Financial and Quantitative Analysis 1968 3(3), 299

Alan J. Zakon, James C. Pennypacker, An Analysis of the Advance-Decline Line as a Stock Market Indicator, The Journal of Financial and Quantitative Analysis, Vol. 3, No. 3, Special Issue: Random Walk Hypothesis (Sep., 1968), pp. 299-314

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An Analysis of the Advance-Decline Line as a Stock Market Indicator