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

To: Joss who wrote (35285)	12/14/1998 7:29:00 PM
From: James F. Hopkins	Respond to of 94695

Joss; I don't understand the Tick rules either, there seems to be differences in what I've read. All I do is seat of the pants, feel based on using the same source, it's just a feel for how much it takes to shake the market up, or down, it's all so fast any way so I don't see how I could do math on it. I'm only concerned with it when it's WAY out of whack to the norm in respect the amount the index has moved..and I got a feel for the norm. It seems easy for me to sense ( if I'm looking ) any heavy moves taken by the specialist to "make a market" , the index just don't fall as fast they normally would on the amount of negative tick, I'm not looking for little micro thingys, I want it to stand out, still I'm not good at seeing or feeling it the other way around, it seems it would happen both ways and maybe it does, but an big up tick , always seems to kick the index up ( so far ) or I'm missing it. Jim

To: Joss who wrote (35285)	12/14/1998 7:40:00 PM
From: Vitas	Read Replies (1) \| Respond to of 94695

TICK: Tick is a short-term indicator that measures market strength. It is calculated on an ongoing basis throughout the trading day as the net difference between all NYSE stocks with last sales occurring on an uptick (higher price than previous sale) and all NYSE stocks with last sales occurring on a downtick (lower price than previous sale). In essence, it is a moment-to-moment representation of net advancing issues. ---------------- From The Encyclopedia Of Technical Market Indicators