SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Fidelity Select Sector funds
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JR who wrote (1603)2/23/1999 10:37:00 PM
From: Julius Wong  Read Replies (1) of 4916
 
Hi JR:

I installed TC2000 Version 4 on my computer last December. By the end of January I knew TC2000 Version 4 very well.

In the last three weeks I worked to revise my model. The new model makes use of TC2000's power and some new ideas.

I replaced the traditional New Highs/New Lows indicator by the number of stocks in their respective top/bottom 15% band of the 52 week high/low range. I call this new indicator "mass center," or MC. MC has a value between 0.0 (worst) and 1.0 (best). A value of 0.5 is neutral. MC is more reliable than the New Highs/New Lows indicator.

Today MC=0.284 for all 8950 stocks, MC=0.542 for S&P 500 stocks. I also use 14 day moving average on MC, the smoothed values are 0.288 for all 8950 stocks, 0.460 for S&P 500 stocks.

The market of 8950 stocks is in high risk area, but the subset of S&P stocks is not in high risk area.

The MC value calculated on all 8950 stocks is a good short term (weeks) indicator, the MC calculated on 500 S&P stocks correlates well with intermediate term (months). I think the market is ok for intermediate term.

How to calculate MC for all 8950 stocks or S&P 500 stocks? It's easy in TC2000 Version 4. I could not do that in TC2000 Version 3.

Best,
Julius
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News