[isatrader]

It would be interesting to see a FTSE All Share or FTSE350 Advance Decline chart. I've notice the difference between the FTSE 100 and FTSE 250 charts but did not think about it too much in terms of advance decline. I suppose as the large caps have higher market capitalization then you'd think that there was still money going into the market overall. Looking at an FTSE All Share chart the most recent high is lower than the previous one, but the last low was higher than the previous low. Given it is market cap weighted then it does appear that the wider market is dropping despite the FTSE 100.

Attached is the Advance Decline charts for the FTSE that Prorealtime has. So I'm not sure if it's just the FTSE100, FTSE350, FTSE All Share etc, as it doesn't say. But I checked the Nasdaq version and it matched up with the stockcharts Advance Decline charts that I show each week, so I'm assuming it's correct.

I've set it up in the same way with the Cumulative Advance Decline Line at the top. Then the long term Momentum Index, then the short term 10 day Oscillator.

As you can see the FTSE Cumulative Advance Decline Line is breaking out to new highs after tracking sideways for the last year or so, and hence the UK breadth is showing some strength.