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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Monty Lenard who wrote (22474)7/28/1998 1:27:00 AM
From: James F. Hopkins  Respond to of 94695
 
Monty ; Seems like it would be hard to do, like on the S&P
A/D line instead of each issue being counted as 1, it would
be counted as a percentage of the total cording to the amount of shares outstanding Ie- weighted like GE would be a 3.5 while
UK would be a 1, Does your data include outstanding shares,
and could you devise a formula that would weight them.
This seems a lot of trouble and wont often produce much that
you couldn't just about get by eye balling the up / down volume.
vs the A/Ds
More than any thing I was just pointing out the fact that at
times the A/Ds may not truly spell the breadth of the market,
on days like today it can be no doubt it was narrow..but some
question about just how narrow does exist.
I kinda think it could be more trouble and time consuming than
it would be worth.
Jim