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Joe,
Thanks. I was wondering the same thing about correlation,
hence the question. I had read that part, but didn't understand
why *NASDAQ* was a better option, unless the explanation is "it
just seems to", which it very well might be...
All in all, this signal nails the impending bear markets quite
well before they happen, a great example being 5/17/2001, when
SPX was actually advancing...
Jitu
--- In amibroker@xxxxxxxxxxxxxxx, "Joseph Landry" <jelandry@xxxx>
wrote:
> Gary, thought I'd step in help out. (Gary might be out to dinner.)
> Here's a clip from Ganz's site where he talks about the importance
> of small caps on market direction and says how they added the
NASDAQ
> volume as a measure of confidence. So an improvement could be to
> use RU2000 vol., but I don't think any volume would do. (that begs
> the question about how closely NYSE and NASDAQ volume correlate?)
>
> Joe
>
>
>>>>>>>>>>>>>>>>>>>>madriver.com/~wwganz>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>
> RUTTR is a timing signal developed in 1998 that tracks the
> intermediate trend in small cap stocks using the Russell 2000
> index. In 1999, RUTTR was modified to RUTVol by adding NASDAQ
> volume as an additional measure of confidence. RUTVol has
> demonstrated more versatility in dealing with both bull and bear
> markets. It underperforms RUTTR slightly in the pre-2000 bull
> market but outperforms it significantly during the recent (on-
> going?) bear market.
> <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "jtelang" <jtelang@xxxx> wrote:
> > Gary,
> >
> > I was going through Werner's site and was looking for an
> > explanation why Nasdaq volume was chosen in RUTVOL, but
> > couldn't find it. Was there a reason, or does it not really
> > matter which exchange was used?
> >
> > Sorry if this was discussed earlier and if I just missed
> > it. Please point me to the thread if possible in that
> > case.
> >
> > Thanks in advance.
> >
> > Jitu
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