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>Never did I claim it was irrevelant - rather I suspect
>it may not be really "fine tuned" enough.
I suspect the S&P "breadth" may be too "fine tuned."
>Only gathering ADV issues of S&P 500 only and comparing to
>ADV issues NYSE will show . . .
I agree,
BW
>From: Shadowover BillCruz <trad_delist_payback@xxxxxxxxx>
>To: Bill Wynne <tradewynne@xxxxxxxxxxx>
>CC: omega-list@xxxxxxxxxx
>Subject: Reply to tradewynne on OddBall traders
>Date: Wed, 2 Jan 2002 08:00:03 -0800 (PST)
>
>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
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