Technical Analysis: Power Tools for Active Investors

The Nasdaq/New York Stock Exchange Index Relative Strength Indicator

Here’s the basic premise.... Although the New York Stock Exchange is the oldest and best known of the stock market trading centers, trading takes place in significant amounts in other areas: the Nasdaq, or over-the-counter, market; the American Stock Exchange; third markets, where off-the-floor trades take place; various options exchanges; other regional stock exchanges; and so forth.

The New York Stock Exchange Index and the Nasdaq Composite Indexeach now includes more than 3,500 separate stocks, traded on the New York Stock Exchange floor and within dealer networks, respectively. The New York Stock Exchange is often referred to as the “senior” exchange, partly because it ...