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> As they say, this issue seems non-trivial.
I'll not argue that point at all, but has it
effected breadth based systems performance? Again
OddBall makes a nice benchmark as it uses breadth as
its only criteria.
BW
>From: Jim Johnson <jejohn@xxxxxxxxxxxxxxxx>
>Reply-To: Jim Johnson <jejohn@xxxxxxxxxxxxxxxx>
>To: omega-list@xxxxxxxxxx
>Subject: Advance-Decline data
>Date: Thu, 21 Mar 2002 08:27:09 -0500
>
>Hello omega-list,
>
> I read McMillan's article in TASC last night about the junk that's
> included in the Advancing and Delcining issues data stream. It
> seems a fairly compelling case (many issues are closed end bond
> funds that may change price by only 1 cent based on interest rate
> changes). In addition, the 1 cent trade increment has cheapened the
> definition of an advance or a decline. He does suggest that because
> these "bastard" issues (my term) have low volume, that advancing/
> declining volume may be a better alternative.
>
> As they say, this issue seems non-trivial.
>
> I appears that Neoticker's NeoBreadth product may attempt to create
> custom A-D indices. Is that what it does, has anyone tried it?
> other thoughts on this data cancer problem amongst us?
>
>--
>Best regards,
> Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
>
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