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Hey Jim,
I recently finished a shoot-out comparo on Oddball between original ROC
code, plus combinations of three confirms, ADV/DEC ratio, VOL ADV/DEC ratio,
and TICK...
In using one confirm at a time, VOL ADV/DEC seemed a bit out of sync.
ADV/DEC ratio was OK. TICK was surprisingly decent. As for using
combinations of 2 or more, I found no real advantage over the long run.
Your milage may vary.
Best regards,
Gene Pope
----- Original Message -----
From: "Jim Johnson" <jejohn@xxxxxxxxxxxxxxxx>
To: "Ron Augustine" <RonAug@xxxxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Wednesday, January 02, 2002 9:30 PM
Subject: Re[2]: Market Breadth Was: OddBall traders - Check this out
> Hello Ron,
>
> Following somewhat the same logic, seems to me that given the SP500 is
> a capitalization-weighted index and trading volume is (I presume)
> highly correlated with market cap, that Adv/Decl Volume might be an
> equally useful indicator of price direction.
>
>
> Wednesday, January 02, 2002, 5:54:47 PM, you wrote:
>
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