|
PureBytes Links
Trading Reference Links
|
Bill:
Never did I claim it was irrevelant - rather I suspect
it may not be really "fine tuned" enough. Only
gathering ADV issues of S&P 500 only and comparing to
ADV issues NYSE will show . . .
This NeoBreadth software already extracts the
calculations from something as clean & simple as
Worden's TC 2000 program . . . I'm curious how
difficult it would be to do it with a TradeStation
datafeed - certainly you could not have 500 charts
open at once even in TS 2000i . . . Moby data also
offers a S&P 500 ADV issues, but unfortunately it's
also EOD.
If TS ain't suitable so be it - I can certainly
swallow having to use TC 2000 or other simple program
just for this purpose - a delayed stock data feed
should be relatively cheap.
It can't be that hard to write some code to do it . .
.
--- Bill Wynne <tradewynne@xxxxxxxxxxx> wrote:
> >I don't know about you but I don't fly
> >my plane or drive my car on data that's only 84%
> >relevant - I want to be as near 100% as possible.
>
> The fact that breadth comes from a broader and
> different
> base than the index does not necessarily make it
> irrelevant.
> Try running the Oddball on the NDX with NASDAQ ADVQ
> and
> then with NYSE's ADV. You might guess the NYSE
> breadth is
> less relevant to the NDX than the NASDAQ's, and in
> some
> cases it may be, but...look for yourself.
>
> >Unfortunately there is not a intra day index symbol
> >from DTN or any data provider I know of for ADV
> issues
> >of S&P 500 stocks as well and advance decline line
> for
> >same.
>
> Good luck! I managed to get a few dozen list members
> to
> lobby DTN (circa 1998-99?) about including ADV /DECL
> data
> (which they were already getting) in their feed. I
> even
> got calls from DTN's top tech. It took several years
> for
> them to break out the A/D data. In this case DTN
> will have
> to create the index themselves. Don't hold your
> breadth.
>
> >This issue needs some serious researching.
>
> Agreed,
>
> BW
>
>
> >From: Shadowover BillCruz
> <trad_delist_payback@xxxxxxxxx>
> >To: omega-list@xxxxxxxxxx
> >Subject: OddBall traders - Check this out
> >Date: Wed, 2 Jan 2002 06:29:17 -0800 (PST)
> >
> >OddBall Traders . . .
> >
> >We are not trading some fantasy NYSE combined
> futures,
> >we are supposed to be trading specifically the S&P
> 500
> >Futures.
> >
> >There may be evidence that ADV issues of S&P 500
> >stocks (only) may give more accurate reversals for
> S&P
> >500 Futures than the classic ADV issues of NYSE. I
> >have no interest in TickQuest, and I'm certainly
> not
> >laying down $2,500 for their product - I only
> submit
> >their web page as an example (they show
> charts/details
> >to backup their assertions):
> >
>
>http://www.tickquest.com/NeoBreadth/classicmarketbreadth.html
> >
> >Apparently this company above sells a software
> product
> >named NeoBreadth for $2,500 and they expect you to
> >collect the data yourself from like Worden Bros TC
> >2000 feed (about $40 per month) - if your data
> >provider does not already give you access to at
> least
> >delayed stocks (not EOD). The DTN Mark Brown data
> feed
> >deal does not include delayed stocks, or I would
> >already be collecting data on all 500 S&P stocks
> and
> >trying to see how I could run some code to extract
> ADV
> >issues of just those 500 S&P stocks.
> >
> >What gives more stead to this argument is that
> >according to statistics on the Standard and Poors
> web
> >page below - - - almost 16% of the S&P 500 is not
> >even listed on the NYSE (77 of the 500 stocks are
> >Nasdaq stocks). I don't know about you but I don't
> fly
> >my plane or drive my car on data that's only 84%
> >relevant - I want to be as near 100% as possible.
> >http://www.spglobal.com/indexmain500_data.html
> >
> >Unfortunately there is not a intra day index symbol
> >from DTN or any data provider I know of for ADV
> issues
> >of S&P 500 stocks as well and advance decline line
> for
> >same. It's highly possible that if enough traders
> on
> >DTN feed start making requests to DTN for such
> index
> >symbols they would start providing them. This issue
> >needs some serious researching.
> >
> >. . . and if you want to criticize this idea then I
> >suggest you provide specific concrete examples,
> charts
> >and data to back up your claims.
> >
> >Shadow
|