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Markets are always changing.....that's why they are called "markets"....they
adjust constantly to new information. Without the market, the government
would be posting the COMPX and INDU values daily....wouldn't that be great ?
All joking aside.....without question one characteristic which has changed
is the looser correlation coefficient between the COMPX and the INDU and the
overall volatility increase.
Hint: in the past, higher volatility ALWAYS was a buy signal.....
but be careful, read the first line again.
> -----Original Message-----
> From: DP [mailto:ahava1@xxxxxxxxxx]
> Sent: Wednesday, April 05, 2000 4:39 AM
> To: Omega-List@xxxxxxxxxx
> Subject: Off Topic: Mark Cook's CTI
>
>
>
> Hello List,
>
> Does anyone know if the Cumulative Tick Index that Mark Cook developed and
> uses is still keeping pace and has merit after the tremendous changes that
> have developed over the past 6-8 months. I.E. the reshuffling of the Dow,
> shunning of the Dow, bear market for most stocks, herd mentality between
> indices(Dow/Nasdaq), little correlation between Dow/Nasdaq, handful of
> stocks moving the indices, etc.
>
> Just curious to think that the "markets have changed" or have they?
>
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