Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (1085)	8/19/1999 2:04:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Fred; All, my Dollar Volume Index ( DVI ) is still down more than the NDX so it appears we have more downside. ------------------- To any who missed it , the DOLLAR VOLUME INDEX is a recent invention I made up, it takes the most popular traded stocks in the index by average Dollar volume traded, ( average volume X price = dollar volume ) then it is weighted on percentage of dollar volume. These stocks amount to being the average leaders Up/or/Down.. While it gives the real time sentiment ( trading action ) I call it a leading indicator, actually it is not leading but makes up for the fact that often the NDX index itself trails the trading of the most popular stocks. All Indexes can and most often do trail the sentiment of the market. DVI can be used on any index as a short term indicator, a lot of times it matches percentage wise the index, but if one waits until it diverges & the more the better then you have a good bet. Often it spikes hard and you need to be fast when it does. Other times it's just so so..and you just hold where your at. It takes some getting use to, and being it relatively new I have not yet put full faith in it , I didn't bet two bets even when it said to do so, yet both of them happened. Of the bets I have made since I started using it ( about 10) I have not been on the wrong side of even one, and it has let me open/close several within 1/8 of the top or bottom of the NDX. So far I just see it as a short term indicator, but if one is on the right side of the short term curve then in time that may turn into a longer term trend. However I keep jumping out any time it swings so it has me betting more than I like to. Jim