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Strategies & Market Trends : Point and Figure Charting

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To: Tulvio Durand who wrote (24920)	7/14/2000 2:23:30 PM
From: Atin	Read Replies (1) of 34809

Thanks Tulvio -- it wasn't altruism, I've giving back some of what I've got. Tulvio, there is no real time for macs -- QPnf is only for Windows based computers. But since my friends mostly use Macs and don't even have realtime datafeeds, I needed something else and a website was it. I might someday move the whole realtime thing to the web, but that requires me to become a datafeed and I'm not quite ready to handle that yet! Percent advancing is a 10 day moving average of the percent of stocks advancing (in the advance/decline sense) in the market or sector under observation. Similar to the bullish percent, except I find it to be a little quicker on the signals. I came up with it while thinking about ways to figure out how the market as a whole was doing and while looking at advance/decline statistics. I first started working with the McClellan Oscillator and Summation Index and then decided to get simpler. I like all three, the oscillator for short term, the summation for the long term and the percent for a "feel". Your mileage may vary. One thing to notice is that it doesn't get above 50 a lot, or below 20 a lot, but when it does, those tend to be tops and bottoms. -A

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