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Strategies & Market Trends : StockCharts.com -- Ignore unavailable to you. Want to Upgrade?

To: bob wallace who wrote (664)	5/17/2005 11:38:03 AM
From: Atin	Respond to of 836

The FACT IS the price DID (excuse the caps, but since Bob is shouting, I figured I'd just cut/paste his shouting too) gap down on QQQQ also when MSFT did the distribution. Still, the CBOE thought it was correct to adjust the data for QQQQ downwards on December 17, 2004 to account for the dividend as described here: cboe.com Again, if you were using momentum indicators, you would have thought that there was a breakdown in the price of the QQQQ after the distribution unless prices were adjusted backwards as the CBOE did and as StockCharts.com did. The magnitude of any decline gets exaggerated artificially if the prices aren't adjusted. Again, StockCharts.com is a technical analysis site and to not do the adjustment after splits, distributions etc would make the technical indicators invalid. Maybe you can trade with invalid indicators, most people can't. Goodbye. Moving on - anyone tried the new Beta 6 charts at StockCharts.com?