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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Patrick Slevin who wrote (15867)2/19/1999 8:15:00 AM
From: Chip McVickar  Read Replies (2) of 44573
 
Good Morning Pat,

Thank You for both your answers to my question on S/P - A/D data

It seemed like a useful indicator to the over all strength/weakness
of a daily spx market. If you could see rapidly changing internals of
the SPX it would be a better guage then NYSE or NAS. Might be a better
indicator of Tops/Bottoms and reversals.
Especially for the Mini and Spoo trading.

I've been watching some standards like MACD, CCI, RSI, Bollinger Bands,
Momentum models, etc....but raw advancers and decliners did not represent
the S/P500.....Trying to confirm a top-bottom-reversal when the market
reacts to a Midline.

Your idea in this post of using the top/bottom 30% relative to their RSI
is an excellant idea. The entire 500 might be to cumbersome and a slow
laging indicator.

Thank You for looking into this issue.
Your Idea is excellant....I must become more proficient at using data
bases and software programs.
Chip
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