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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: EepOpp who wrote (2025)8/7/1999 5:40:00 PM
From: James F. Hopkins  Respond to of 3536
 
I'm glad you could appreciate my humor, as for me telling people
what I really think, hmmm to understand what I see and really
think comes from certain investitures only understood by living them,
so my deeper thoughts defy normal explanation, and even in my
best esoteric style they would still only be understood by
some one who knows what it's like to have lived in the belly of a
whale. No amount of study and reading of books can train the
minds eye to see reality <G>
---------------------
Being your words were so kind I'l share one of my newer
inventions with you, but you won't fully understand it till you
use it.
As an exercise create a , Dollar Volume Index of the
market , or part of it, where stocks are weighted by the
volume of dollars traded and not market cap. It's Price X volume = weight, then track the most active stocks on a regular basis.

It is my invention , & if you do it right you will be startled
to find out how well it works.

Take any index and use the same stocks, sort and reweight
them as to Dollar volume traded,
( over several time periods if you wish ) but 3 months works fairly good. Such an index takes
regular weighting adjustments to stay up to date with changes,
but a running 3 month average Price X volume will get you
started.
It exposes all the market internals of any index in one swoop.
It's rather simple, maybe to simple for the over size brains
they have at Princeton, yet it's a quantum leap to short term
market timing over anything the old school experts have
ever managed to come up with.
I refer to it as a WDVTI ( Weighted Dollar Volume Traded Index )
or just DVI
Jim