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Thanks to everyone that has replied so far. I went back a read as
much as I could about IBD's RS rankings and I have a couple of
follow-up questions.
> 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.
Why do you say this? Is it because the SP500 is weighted to the large
caps? What if someone used the Wilshire 6000 or the NYSE Composite?
Because IBD's formula for Relative Strength is proprietary, I have a
natural skepticism towards it. When people can't define it but give
it mythic proportions, my skepticism increases. I will concede that,
due to IBD's large readership, high RS ranking often become
self-fufilling prophecies - is that part of your reason for following
it closely?
I am now very interested in alternative explorations that might
generate similar results. Is anyone else interested in this?
> You need how a stock stands against all stocks. Only in IBD do you
get this.
"All" stocks is a relative term. All US stocks? Even penny stocks?
All US exchanges or just the big three?
> But if you are married to a few stocks, and don't care for the big
picture,
> let it go.
Help me out here. What part of the "big picture" is provided
exclusively by IBD?
Just wondering,
Chip
---Richard Estes <restes@xxxxxxxxx> wrote:
>
> 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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