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You wrote: "you do not need to use all the market data, nor is it necessary
to construct an exact match of all symbols that compose the index."
Very True! Along similar lines, for people who do their own programming or
who can port R/T data into Excel, you can easily build an R/T intraday
indicator displaying swing reversals in the S&P (or NDX) using S&P 100 data
(OEX). Produces a very viable Advance/Decline model using only 100 inputs
instead of 500 --
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At 09:57 AM 01/02/2002 -0800, you wrote:
>Just from my trading experience on using both
>EOD and real time breadth, I can say that there is
>a lot more to market breadth than the simple concept
>of just Adv/Dec data.
>
>In fact, oddball that MB disclosed is just the entrance
>to a world that is way more complex and powerful than
>classic price driven modelling.
>
>For example, to make a powerful breadth model for
>use in real time, you do not need to use all the market data,
>nor is it necessary to construct an exact match of all symbols
>that compose the index.
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