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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (2706)	8/24/2001 3:17:24 PM
From: kendall harmon	Respond to of 26752

CTIC and ANSR look good to me had a bunch of computer issues today ATIS is a good chart also

To: Frederick Langford who wrote (2706)	8/24/2001 7:54:06 PM
From: kendall harmon	Read Replies (2) \| Respond to of 26752

OK, I had to look up the meaning of the Bolton Tremblay indicator tonight, so maybe a few of you didn't remember what it is either Bolton-Tremblay Indicator This is a cumulative advance-decline indicator that uses the number of unchanged issues as a basic component. It is computed in five steps. First, divide the number of advancing issues by the number of unchanged issues. Second, divide the number of declining issues by the number of unchanged issues. Third, subtract the declining ratio from the advancing ratio. Fourth, calculate the square root of the difference. Fifth, add the square root to the previous day’s Bolton-Tremblay Indicator, respecting the sign (plus if there were more advances, minus if more declines). For example, if there are 1500 advancing issues and 700 declining issues and 800 unchanged issues, the Bolton-Tremblay Indicator is calculated as follows: Todays’s Bolton-Tremblay Indicator = Yesterday’s Bolton-Tremblay Indicator + Square Root of (1500/800 – 700/800) = Yesterday’s Bolton-Tremblay Indicator + 1 On the other hand, if there had been 700 advancing issues and 1500 declining, today’s Bolton-Tremblay Indicator equals yesterday’s value minus 1. The Bolton-Tremblay Indicator should be interpreted in a manner similar to the advance-decline line. In fact, if you plot a comparison graph using T2100 as the comparison symbol, the two graphs are almost identical. Keep in mind that the actual value of the indicator is far less important than its trend. tc2000.com