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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.
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To: Stoctrash who wrote (1085)8/19/1999 2:04:00 PM
From: James F. Hopkins  Read Replies (1) of 2103
 
Fred; All, my Dollar Volume Index ( DVI ) is still down more than
the NDX so it appears we have more downside.
-------------------
To any who missed it , the DOLLAR VOLUME INDEX is a recent invention
I made up, it takes the most popular traded stocks in the index
by average Dollar volume traded, ( average volume X price = dollar
volume ) then it is weighted on percentage of dollar volume.
These stocks amount to being the average leaders Up/or/Down..
While it gives the real time sentiment ( trading action )
I call it a leading indicator, actually it is not leading
but makes up for the fact that often the NDX index itself
trails the trading of the most popular stocks.

All Indexes can and most often do trail the sentiment of the market.
DVI can be used on any index as a short term indicator, a lot of
times it matches percentage wise the index, but if one waits
until it diverges & the more the better then you have a good
bet. Often it spikes hard and you need to be fast when it does.
Other times it's just so so..and you just hold where your at.
It takes some getting use to, and being it relatively new I
have not yet put full faith in it , I didn't bet two bets even
when it said to do so, yet both of them happened.
Of the bets I have made since I started using it ( about 10)
I have not been on the wrong side of even one, and it has let
me open/close several within 1/8 of the top or bottom of the
NDX.
So far I just see it as a short term indicator, but if one is
on the right side of the short term curve then in time that
may turn into a longer term trend. However I keep jumping out
any time it swings so it has me betting more than I like to.
Jim
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