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So, is he saying that these indices are simply the value of the Yen at
various exchanges throughout the world and that the differences in the data
is due to the different open/close times of the various exchanges? That
almost makes sense to me.
But then why does the Downloader report all of these Yen indices as being
from the "NYS" exchange??? Is that just a bogus/misleading column? I now
suspect it might be because it says the SOXX index is on the "NYS" exchange
and my new friend DanMartinz@xxxxxxx says it is really at the Philadelphia
exchange. (Thanks Dan!)
Or am I making too many assumptions here?
Chip
BTW, the bread metaphor make zero sense to me.
On Tuesday, September 16, 1997 5:30 PM, David_Radtke@xxxxxxxxxxxxxx
[SMTP:David_Radtke@xxxxxxxxxxxxxx] wrote:
| Here's a long winded explanation I got from MetaStock Support. This is
not
| the answer I was looking for. It assumes I have a broker, and already
know
| I want to trade, or follow the Japanese Yen, etc. I do not. I just want a
| better explanation of the indexes.
|
| David R.
|
| The suggestion you were given about calling your broker was the correct
| answer. However it may need a little more explanation.
| When you call your broker you will not ask him what the correct Reuters
| Symbol are because he won't know. What you do is ask your broker for
| information about Japanese Yen Index so that you can determine the
| specific Japanese Yen Index you want.
| Collecting data is sort of like shopping for your wife from a list, at
| the grocery store. She may give you a list that says Wonder Bread
| Country Style 3 loaves. So you buy the 3 loaves and take them home.
| When you get home you discover that she really wanted you to shop at
| Albertson's, because Albertson's has this bread on 3 for the price of 2
| sale. However she didn't say that and you of course couldn't read her
| mind so...
| Data is the same way. Many data items are traded on the same exchange .
| The only way to know which one you want is to ask your broker for the
| specific information about the Index you want to trade. For example the
| trading hours of the index etc. Once you know the specific information
| call Reuters and they will be able to help you identify the correct
| symbol.
| A data service won't necessarily know what any given ticker symbol is,
| or the details of how to trade it. The data service is sort of like a
| grocery store for data. If you ask an employee at a grocery store to
| tell you about one of their grocery items they may not be able to tell
| you anything. Why? because they didn't make they item they just sell
| it. However if you call the manufacturer of the item they can tell you
| all about it. A grocery store know how to contact the manufacturer and
| order an item so that the customers that want the item will be able to
| get it.
| The same applies to data. You should discuss your investment objectives
| with your investment advisor or broker and decide ahead of time what you
| to collect. Once you know what you are looking the data service can
| help you find it. This is exactly like walking into a grocery store and
| asking where the Wonder Bread is. You will receive an almost immediate
| answer because you know what you are looking for and you can ask for it
| specifically.
| George
| Equis Support
|
|
| In a message dated 97-09-16 02:14:41 EDT, metastock-list@xxxxxxxxxxxxx
| writes:
| << Q: Where can I find more detailed descriptions of the indices provided
| by
| Reuters Trend DataLink? >>
| Chip --
| Good question! Although I like Reuters (so much better than Dial
Data),
| I
| do think your point is a good one. How about it, Reuters? How about a
web
| site we can access to see the descriptions as well as new indices as they
| are
| created and available?
| Rex
|
|