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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Woody who wrote (46331)	9/21/2005 5:32:15 PM
From: Doug R	Read Replies (1) \| Respond to of 79450

Thanks Woody. I know this is going to cause you a bit of work but... It may be helpful to go back to the beginning of the ACT on 11/23/94 at 3612.05 and use the more accurate 2.4472727.../day (the 2727 repeats) as its rate of advance rather than the rounded 2.4. Since then (oddly enough), there's been 2,727 trading days through today. This excludes holidays and the 9/11 shutdown. The Dow ACT at this point is 10285.76. Close to what you have but I think you're using a few too many trading days in your calculation. 6 holidays/year? * 11 years - 2 holidays to go this year + 5 9/11 shutdown days * 2.4 is worth 165 points. The .0472727/day is worth 129 points after so much time (excluding holidays and 9/11). I think that might account for the difference between our 2 numbers. Cheers, Doug R