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----- Original Message -----
From: "John Clemens" <jbclem@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, December 26, 2001 1:50 AM
Subject: Re: [RT] RE: - Smart Money Dumb Money?
> Hi Bob,
>
> I just came across this Smart Money Dumb Money index and I'm trying to run
> it, but after transfering it into TS4 I'm not getting much on the screen
> except some pretty zig zagging colored lines. Can you give me an idea
where
> to start troubleshooting it. I'm using the default values for the inputs.
> I've tried it on 10 min and 60 min INDU charts, same result.
>
> John
>
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, June 13, 2001 1:59 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
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> > >
> > >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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