|
PureBytes Links
Trading Reference Links
|
Earl,
Do you mean that the 1 cent min has altered the basis or recalibrated the
scale of Breadth, redefining its range and its implications, or do you mean,
by what seems the stronger term "obfuscated" that it is just less useful
today given the current context?
And do you think therefore that the use of intraday breadth/AD has also lost
value? I would suppose that you do. I'd love to hear your thoughts on this.
Thanks!
Eliot
^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Eliot Kaplan
email; eliot@xxxxxxx
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> Reply-To: realtraders@xxxxxxxxxxxxxxx
> Date: Mon, 3 Jun 2002 08:24:19 -0600
> To: <realtraders@xxxxxxxxxxxxxxx>
> Subject: Re: [RT] Lowry Intensity indicator - MTA Award
>
> Thanks for the link to this year's MTA award.
>
> In my book, the major controversy in use of breadth has nothing to do with
> number of small versus large stocks ... the very concept of measuring
> breadth is to see if the tide is lifting/lowering all boats or just a few.
> The real issue is decimalization which has radically changed the meaning of
> an advance/decline from 12.5 cents minimum to 1 cent minimum. Given the long
> term upward bias of advances, decimalization has obfuscated the value of
> this indicator. For this reason, daily breadth has lost value, however
> weekly breadth remains useful.
>
> Earl
>
> ----- Original Message -----
> From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
> To: "RealtradersList" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, May 29, 2002 7:32 AM
> Subject: [RT] Lowry Intensity indicator - MTA Award
>
>
>> Paul Desmond of the Lowry Reports fame won the recent MTA 2002
> award.......
>> and below is a related article with a consensus "expert TA" market
> opinion.
>>
>> http://biz.yahoo.com/rc/020523/markets_stocks_technicals_1.html
>>
>> Attached is Paul's winning entry.....
>>
>> comment: since his indicator uses breadth, there is some controversy as to
>> it's validity in recent years.....
>> due to the larger number of small cap issues in the NYSE.
>
>
>
> 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/
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Kwick Pick opens locked car doors,
front doors, drawers, briefcases,
padlocks, and more. On sale now!
http://us.click.yahoo.com/ehaLqB/Fg5DAA/Ey.GAA/zMEolB/TM
---------------------------------------------------------------------~->
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/
|