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That is exactly where BMI let's the trader down. The tick filtering of up
to 20 to 30 percent on emini deletes a lot of those same price ticks.
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----- Original Message -----
From: Dennis Holverstott <dennis@xxxxxxxxxx>
To: BobR <bobrabcd@xxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, June 07, 2000 2:10 PM
Subject: Re: [RT] Re: S&P chart
> > Here's a shot of the @NQMO using the same layout. Tick bar charts work
> > pretty good IF you are getting all or most of the ticks.
>
> They also work much better if you are plotting them on electronic
> futures such as ES or NQ. For the +/- tick volume indicator to have much
> value, you have to see all the multiple ticks at the same price. 00 50
> 50 50 50 50 00 00 would count as 5 upticks followed by 2 downticks, net
> +3. SP and ND usually just give you a single "snapshot" tick when the
> price changes so the indicator ends up measuring price movements rather
> than serving as a proxy for volume.... 00 50 00.... one uptick and one
> downtick, net 0.
>
> --
> Dennis
>
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