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Haven't looked at this indicator for about 20 years but it used to be the QUOTRON
CHANGE. It is (was) the unweighted average daily change of all NYSE stocks. Look in
Barron's market data section. You will see something like Mon +102 or Tues -60.
That means on Mon the avg stock was up 1.02% and down 0.6% on Tues. You can
calculate an index from these data. In the 60's & 70's it was useful because there
was not much info beyond the major averages. Nothing except the A/D line to give you
a real market picture.
Jim
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Ullrich Fischer wrote:
> In Martin "Buzzy" Schwartz' book "Pit Bull", he refers to a market breadth
> indicator he calls QCHA. Where is it? I've looked through the index
> listings in the TS2Ki symbol universe but haven't been able to find
> it. Can it be calculated from some of the other indicators? If so,
> how? Does anyone know what the QCHA letters stand for? The definition is
> "the average % movement of all exchange listed stocks on an unweighted
> basis". Is it a practical joke on Marty's part and really means "Gotcha"? -uf
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