|
PureBytes Links
Trading Reference Links
|
At 03:40 PM 4/13/99 -0600, you wrote:
>
>***********I will warn you that those indicators are not unrelated because
>they are
>all price based. Only by using another data source will you have a truly
>independent indicator.
>
>What do you mean by another data source, Peter? This is a very good point,
>BTW!
>
Linda,
For example, you can spread T-Bills against another contract, which gives
you a cash vs. commodity line... or, a lot of S&P traders watch the A/D or
TICK or TRIN, all based on separate information than the index itself. At
certain times, the Nasdaq or Bonds or some other market may lead the S&P
for a while. Or you may have a contract volume report that shows you who
"made the move" i.e. who moved the greatest volume (commercials, locals
etc.) Sentiment is another indicator not based on price, but I don't know
of any consistent and broad-based source for it.
PG
|