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IBD's RS ranking measures daily the price change over the last 12 months
compared to all other stocks in the tables, (9000+) there may be a weighting
on quarters. It has nothing to do with SP-500 which would make it nearly
useless.
To DJ, IBD is a daily newspaper and its deadlines measure in hours and days.
Richard Estes
-----Original Message-----
From: Dick <dick@xxxxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Wednesday, December 03, 1997 3:13 PM
Subject: Re: Usefulness of IBD
>Speaking of IBD Relative Strength, does anyone know the indicator formula
>for an IBD-type relative strength line. (I think it's a 200 day moving
>average of close/indicator (S&P 500) with a 40% weighting toward the last
>month, or something like that, but I called IBD a long time ago, and asked,
>only to be told it was "proprietary".)
>
>I also assumed that IBD RS <50 was weaker than the S&P and >50 was
stronger,
>but couldn't get a number that matched the IBD number.
>
>Any one have this one figured out ?
>
>
>-----Original Message-----
>From: Richard Estes <restes@xxxxxxxxx>
>To: chipa@xxxxxxxxxxxxxxx <chipa@xxxxxxxxxxxxxxx>; metastock-list@xxxxxxxxx
><metastock-list@xxxxxxxxx>
>Date: Wednesday, December 03, 1997 8:58 AM
>Subject: Re: Usefulness of IBD
>
>
>>IBD's presentation of the market place is unexcelled. The information in
>>their rankings alone is worth the price. I try not to look at a stock that
>>is not EPS/RS >80. RSI has nothing to do with their RS rankings. Those
>that
>>compare a stock to say SP-500 in a comparison chart waste their time IMO.
>>You need how a stock stands against all stocks. Only in IBD do you get
>this.
>>
>>But if you are married to a few stocks, and don't care for the big
picture,
>>let it go.
>>
>>Richard Estes
>>-----Original Message-----
>>From: Chip Anderson <chipamy@xxxxxxxxx>
>>To: metastock-list@xxxxxxxxx <metastock-list@xxxxxxxxx>
>>Date: Wednesday, December 03, 1997 11:20 AM
>>Subject: Usefulness of IBD
>>
>>
>>>Question for the group:
>>>
>>>Because I can use MetaStock to compute the RSI for any stock and do
>>>explorations, and because the Internet provides me with all of the
>>>news I need, is the usefulness of Investor's Business Daily (IBD)
>>>dramatically decreased?
>>>
>>>I am considering not renewing my subscription. Opinions?
>>>
>>>Thanks in advance,
>>>Chip
>>>
>>>
>>>
>>>
>>>
>>>_________________________________________________________
>>>DO YOU YAHOO!?
>>>Get your free @yahoo.com address at http://mail.yahoo.com
>>>
>>
>
>
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