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To: On the QT who wrote (76809)11/5/1998 11:36:00 PM
From: Chuzzlewit  Read Replies (2) | Respond to of 176387
 
QT, you suggested that:

You have a problem with William O'Neil truthfulness.

Not at all. I question his methodology and his conclusions. The problem is that the entire A/D calculation is a black box, and the output from that box can't be compared to any objectively determined end point. The critical question ought to be how does O'Neil know that he is measuring what he claims to be measuring? Where is the demonstration that stocks with an A rating ar being bought by institutional investors?

This is quite different from the bulk of TA because there the mathematics (such as they are) are available for investigation and criticism. But in the case of A/D ratings who knows?

TTFN,
CTC