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Re: Are Ticks Still Ticks



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you got the right idea ...

just like the adv/dec data - which has most of its 
value washed since the resolution of the prices
has increased as it is pretty damn easy to get the 
lower 30% of spx and ndx components to go up (or down)

1/64 or 1/256 :)

the tick index is just one of the last ones from
the broad mkt statistics that will go down forever.

one interested fact about tick is that about 2-3 years
ago when someone started to heavily advertise on the
usefulness of the ticks, trin, etc. in real time -
the big firms started to swing to support the change
to higher resolution in price increments, which they
used to object heavily :)

that confirms the old saying, if you've got something
working, keep it to yourself.

expect tick to get really noisy as more and more 
people are told to "beat" the mkt by using this
"proven" trick of placing orders at "odd-levels" :)

-Lawrence


--- Jim Johnson <jejohn@xxxxxxxxx> wrote:
> Hello omegaList,
> 
>   I follow NYSE ticks closely in SP daytrading.  An
> uptick used to
> imply at least a 1/64th of a dollar move.  With
> decimaliztion, a tick
> can now be worth 1/100th of a dollar.
> 
> Does this mean that tick is of less value as a
> measure of market
> internals or has become inflated/diluted?  Any
> thoughts?
> 
> -- 
> Best regards,
>  Jim Johnson                       
> mailto:jejohn@xxxxxxxxx
> 
> 


=====
Lawrence Chan                http://www.tickquest.com    
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