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The rankings are performed against all stocks listed in their price tables.
They are probably very simple in nature but the paper is a business, why
give it away? Try to reproduce them, everyone does. I have never heard of
one exceeding. The indices are weighted in some form or the other, I would
rather see the picture compared to the 9000+ in their tables. Since you
subscribed, I am sure you have a full listings of all the information that
is provided by IBD. I consider this the big picture, better done than any
other paper or web site.
My database consist of a ever changing group of about 2000-3000 stocks with
high RS/EPS. If someone was following 20-30 stocks and sticking with them,
they shouldn't need any more information, that they couldn't find from
another source.
Richard Estes
-----Original Message-----
From: Chip Anderson <chipamy@xxxxxxxxx>
To: Richard Estes <restes@xxxxxxxxx>; chipa@xxxxxxxxxxxxxxx
<chipa@xxxxxxxxxxxxxxx>; metastock-list@xxxxxxxxx <metastock-list@xxxxxxxxx>
Date: Wednesday, December 03, 1997 4:42 PM
Subject: Re: Usefulness of IBD
>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
>> >
>>
>>
>
>_________________________________________________________
>DO YOU YAHOO!?
>Get your free @yahoo.com address at http://mail.yahoo.com
>
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