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Bob:
I assume your group consists of the entire OEX 100 stocks? Also, using the
conventional reading on AIQ it doesn't matter that the AIQ dropped 2 points
or whatever. What IS significant is that you had 2 Sell signals in a very
short time period. Then you need to look at what rules caused the sell
signals. IF they are basically the same rules firing to give you two SELL
ER's then that is ok, but not very significant. However, if they are
different rules that fired and caused two sell signals then it becomes even
more powerful sell signals.
Have you had a chance to back test the NDX100 group you built using the AIQ
breadth builder and see if the ER's are a good indicator of turning points
over several different market senarios? The new product, Expert Design
Studio, due out at the end of 1997 (which I am alpha testing now) will have
a backtester program to really see if the the market you built using Breadth
Builder is really a tradeable vehicle.
Just a few comments......hope no one as a problem with my 2 cents worth.
Lee Clayton
-----Original Message-----
From: bobrabcd <bobrabcd@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, October 06, 1997 7:26 PM
Subject: MKT - NDX
Attached is today's AIQ breadth reading for the NDX100. The Expert Down
rating has dropped two points from 100 to 98 and the ER Up rating has risen
1 point from zero on Friday. The NDX futures lost a point and the cash
gained a few points, basically a flat reading on price.
BobR
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