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<DIV><FONT color=#000000 size=2>Michael:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Most, if not all, data suppliers do not supply the volume for
these indices.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>For the Dow-Jones indices, it is possible to add up the volume
for each stock and get a total volume, but you'll need to weigh each stocks
volume by the importance of each stock in the index. For example if a
stock's influence is 11%, then multiply that volume by 11% etc.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>You might be able to get this information from Dow Jones or a
broker. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>For Standard and Poor index, the problem becomes more
difficult, but try Standard and Poor.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Hope this helps</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Lionel </FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Michael Beugen <<A
href="mailto:mrbeugen@xxxxxxxxxxxxx";>mrbeugen@xxxxxxxxxxxxx</A>><BR><B>To:
</B>metastock-digest <<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Sunday, June 28, 1998 1:44 PM<BR><B>Subject: </B>volume
indicator<BR><BR></DIV></FONT>
<DIV>
<DIV><FONT color=#000000 size=2>when i open the s&p500 or dow index
chart and try to attatch the volume indicator it shows no
volume,</FONT></DIV>
<DIV><FONT color=#000000 size=2>what should i be doing?</FONT></DIV>
<DIV><FONT color=#000000 face="" size=2>thank you</FONT></DIV>
<DIV><FONT color=#000000 face="" size=2>mike
b</FONT></DIV></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Jun 29 10:42:33 1998
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From: "John Kosar" <jk@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Using Stops
Date: Sun, 28 Jun 1998 15:16:29 -0500
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Status: O
Hi Joel.
I've worked either on or near the trading floor most of my life.
To me, to not use stops for fear of some local on the floor that's "out to
get you" is ridiculous. Stops are your greatest money management tool, in
my opinion. In the heat of battle when you are thinking "maybe I'll just
give this position another 10 ticks", it keeps you disciplined and abiding
by your game plan.
The locals on the floor are looking for any advantage that they can get to
make a buck. That's why they pay a half mil for a seat on the exchange.
But any person who has taken a basic charting class can figure out where
large accumulations of stops are going to be placed. My question is, if the
market has taken out a key chart level against your position, no matter
whether is was triggered by a local, a lunar eclipse, or just bad luck, as a
technician do you still want to be in the position anyway?
Stops keep you from making excuses as to why you were wrong, and keep you
from losing your ass because of it. That's how I see it, anyway.
As far as the type of stop, I'd say use plain stops (as opposed to stop
limits or stop close only), and trade in market that are liquid enough so
the slippage on the stops won't knock you out of the game.
John Kosar
-----Original Message-----
From: Joel Beck <beck@xxxxxxxxxxxxxx>
To: meta <metastock-list@xxxxxxxxxxxxx>
Date: Sunday, June 28, 1998 2:52 PM
Subject: Using Stops
>I would like to hear other's opinions on the pros and cons of using stops.
I
>understand that they are necessary to protect your profits and limit your
>losses.
>
>However, I've heard a lot of comments about how the specialists on the
>exchange floors, use your stops "against you."
>
>I'm not sure what these people are talking about. Maybe some of you folks
on
>the list can expand on this subject, and give some advice on how to avoid
>this if it is happening as well as open a dialog as the the various kinds
of
>stops that people use/prefer and the reasons why.
>
>Thanks,
>Joel
>
>
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