Steve, here's a source for OEX quotes.
tradepbs.com
I'll inquire on AOL and I'll be glad to call Terry Bedford and ask him and a couple of my brokers to see if any of them know about it.
At first glance, it seems too simplistic. I look at technical indicators. TSV (a proprietary indicator of Worden's for TC2000 Pro)is one of the first things I analyze. It has moved from below the zero line back into positive territory on a daily chart, so short-term I expect a move upward.
Other factors are that bonds are behaving, financial stocks are moving up, Coke (a major DOW component) got a bullish recommendation, the economy is not growing too fast, employment/unemployment figures are good, sentiment indicators are good, end-of-year pension plan funding should begin next week, and fund managers have to put the cash somewhere. I'm sure others could add to this list, but it is logical to assume that OEX traders consider all that and more to determine positions.
Now if someone has reduced it all down to high/low numbers at close then maybe they have found something that appears too simple on the surface and yet is still a good trend indicator. Something like the TSV indicator I use.
If there is anything to it we could form an OEX "trading club" and share the knowledge/expenses of our fellow club member's due diligence. A few of us could join together and knock the expense down to the price of a good book.
I'll let you know if I find anything on AOL.
Regards,
Stuart |
