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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (2259)	2/13/2005 8:23:00 PM
From: DanZ	Read Replies (1) \| Respond to of 13449

Thanks for the welcome, dabum. IQ Chart only reports money flow on securities that trade like stocks. This includes Exchange Traded Funds, but not indexes such as OSX. In that regard, IQ Chart is similar to Stockcharts. I am curious how TCNet computes the Money Stream for an index such as OSX since it doesn't really trade. The index is calculated based on the prices of the components in the index. I suppose that one could compute the "money stream" of OSX by calculating the price-weighted average of the individual money flows for each of the 15 stocks in the index. Without putting a pencil to it, I'm not sure if that is a valid way to calculate it but it would be interesting to see what the result looks like. The best that you could do with IQ Chart would be to find an ETF that closely tracks the OSX, which is what you already did with Stockcharts. In addition to OIH, you might also look at IYE, XLE, IXC, and VDE. Dan