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Strategies & Market Trends : Trading SPY and DIA for Fun & Profit
SPY 687.390.0%Oct 29 4:00 PM EDT
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To: ed doell who wrote (119)8/8/1999 7:05:00 PM
From: James F. Hopkins  Read Replies (1) of 130
 
I traded the DIA once this week ( short ) , but mostly have
been working the QQQ.
--------------------------
My newest tool is a
Weighted Dollar Volume Index of the market , or part of it, where stocks are weighted by the volume of dollars traded and not market cap.
It's Price X volume = weight, tracking the most active stocks on a regular basis.

It is my invention , & if you try it you will be startled
to find out how well it works.

Take any index and use the same stocks, sort and reweight
them as to Dollar volume traded, ( over several time periods if
you wish ) but 3 months works fairly good. Such an index takes
regular weighting adjustments to stay up to date with changes,
but a running 3 month average Price X volume will get you
started.
It exposes all the market internals of any index in one swoop.
It's rather simple, maybe to simple for the over size brains,
yet it's a quantum leap to "short term" market timing over anything else I've found.

I refer to it as a WDVTI ( Weighted Dollar Volume Traded Index )
or just DVI , I'm using the top 11 most active stocks to
check market sentiment. Also have set up one just for the
qqq, & XLF , working on the Dow now.

Jim
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