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Jitu,
I'm glad you are interested as I've found it to be an area worth exploring.
I believe the idea stemmed from Don Beasley's dominant market theory which essentially indicates that when the Nasdaq is dominant over the NYSE in terms of performance, the market is healthy. Consequently, if NASDAQ volume is robust and positive then it is a good environment to put on positions.
You may want to e-mail Werner directly and ask. I'd certainly be interested in reading his response.
Hope this helps,
Garyjtelang <jtelang@xxxxxxxxx> wrote:
Gary,I was going through Werner's site and was looking for anexplanation why Nasdaq volume was chosen in RUTVOL, butcouldn'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 missedit. Please point me to the thread if possible in thatcase.Thanks in advance.JituSend BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to suggest@xxxxxxxxxxxxx-----------------------------------------Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
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