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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (6502)	7/8/2001 2:26:30 PM
From: UnBelievable	Read Replies (1) of 209892

One Problem With The Ameritrader Data Is It only includes those trades that are currently being made. The ever changing sample set makes interpreting the statistic problematic. The ratio does not take into account those people who previously would have bought the dip in the past but did not this time. If historical data about the number of traders or trades that were included when the indicator was first published could be determined, as well as the number each day, and then the index as the percent of traders who bought out of those who could have bought (including the non trades as non buys), the statistic would have usefulness. As is I think that the only thing we can conclude with certainty from the current index, is that as long as there are buyers the bottom is not in.

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