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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (14355)	6/8/2002 7:51:29 PM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

The NYSE tick was built into the default indicator screen of my Schwab trading platform (Street Smart Pro), I never paid much attention to it. I also saw Zeev's reference to Tick - somehow I thought it refered to intraday A/D, at first. At some point in the past couple days I read a message and then it clicked that it was something else. It seems that Zeev is using Nasdaq Tick (??) as a market reversal indicator, and not a daytraders tool. I believe that he had an "alternate plan" for the Nasdaq bottoming process - if the NASDAQ tick achieved -1000 (intraday is fine, not necessarily closing tick) for 3 of a certain 4 trading days, that would be convincing enough to assume that the NASDAQ bottom is in and a reversal is at hand. Is this correct?? Stockcharts is not doing us any favors with this indicator - only giving end of day figures. It won't put up candlesticks or high-low charts of any type. Stockcharts historical data only tracks the close.

To: Gottfried who wrote (14355)	6/8/2002 8:05:16 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 23153

Gottfried, if you want to use the P/C ratio, be careful, most services quote the total P/C ratio, including on indices, I find that a much better indicator if the "equities" only P/C ratio, I calculate this directly from the CBOE site, only very important at turning points... typically, .42 and under, near tops, and 1.0 and over near bottoms. Zeev