|
PureBytes Links
Trading Reference Links
|
Bob & All:
My limited anticdotal experiences with this indicator mirrors Bob's
comments; below. There is another area of research however that could be
very frutiful if this indicator were to be viewed over a longer
time frame; emphasizing the intermediate to long term characteristics. It
could provide answers to the important question of
whether or not it is safe to be on margin. Because of the lead time
characteristics; any entry technique would of course have to default
to a price based system.
Don Hays has conducted some research on this indicator; and he
states that the lead time at both tops and bottoms is 70-85 days.
Now, I'd love to see some test results of say; monthly data massaged to
reflect those lead time paramaters.
Chas
-----Original Message-----
From: BobR <bobrabcd@xxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Wednesday, June 13, 2001 4:45 PM
Subject: Re: [RT] RE: - Smart Money Dumb Money?
>Clyde Lee is generously cleaning up the code. The maxbarsback + N is
>because I did not know about if Date<>Data[1] for the first day. If
>something isn't done with the first day's data it can skew the indicator by
>the price of the item being measured. The lower plot is the summation of
>the AM and PM defined time periods. The SMDM concept is definitely
>questionable from the system tests I made. It was profitable but not much
>better than two times a CD. Also the first half hour vs first hour made a
>significant difference. StreetSmarts referred to the first and last hour.
>Once Clyde finishes the code you should be able to test various
>configurations of time.
>
>bobr
>
>----- Original Message -----
>From: "Prosper" <brente@xxxxxxxxxxxx>
>To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
>Sent: Wednesday, June 13, 2001 2:33 PM
>Subject: [RT] RE: - Smart Money Dumb Money?
>
>
>> Bob et al,
>>
>> I've been thinking about this SM, DM for a bit, I do think that smart
>money
>> is influential at the end of the session but there is a lot of day trade
>> covering going on as well. I figure that the dumb money happens when a
>short
>> term pivot occurs against the trend especially after any new high or new
>> low. I actually tend to think that the initial burst of the session, is
>> floor traders taking advantage of the lag time that off floor traders are
>> faced with. By the time the off floor traders see some direction and
place
>> an order, they are just being filled in time for the price to head off in
>a
>> new direction. It amounts the same thing as far as timing is concerned.
>>
>> I have had a few computer problems, so I can't include a chart, but how
>> about summing just the end of the day session and not include the DM at
>the
>> open. Or maybe even better would be to sum the net price difference of
>pull
>> backs against the prevailing trends for a better DM value.
>>
>> Also why is 37 used with the Maxbarsback setting for 10 min. charts?
>>
>> If I get some data reacumulated I will have a better idea about this
Smart
>> Money Index.
>>
>>
>>
>> Prosper
>>
>>
>> To unsubscribe from this group, send an email to:
>> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>>
>>
>>
>> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>>
>>
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
>Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|