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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Chip McVickar who wrote (20568)4/9/1999 12:27:00 AM
From: Patrick Slevin  Read Replies (1) of 44573
 
<We've been around the block on this one before>

I know, I mentioned that. The deal is, when you are checking the WSJ et cetera I believe you are including items that the NYSE won't track....Preferred Issues for example. Warrants, if there are any. That sort of thing. So they did not lose 600 companies. Hell, I can mention two or three companies that have several Preferred Issues. Look at PEG for example. Last I looked they might have had as many as 6 or 8, although it's been several years since I read a Newspaper's Stock page.

Preferred Issues aren't trading on Growth unless they are Convertibles. Now, perhaps you would like to have your son take out the number of Preferred stocks.

Anyway, consistency is what counts. Still in all it's hard for me to believe that the NYSE is wrong when it's their Exchange.

But anyway, what it really means to me is that the concept of using A/D is flawed. Everyone has a different number; when the Line points down the Market goes up. I'm quite certain the Indicator has some value else I would not track it.

I don't think it can be used in and of itself however.

Anyway, whatever works for you. Sleep well.
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