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Sorry Jim,
The mail server may have stripped it off. I will give it another shot and
see if this makes it through the list this time.
Duke
"The Secret to the Market is Rotation, Rotation, Rotation." The Frost Sector
Rotation Fund is part of the Frost Bank family of Funds. (CFR-NYSE)
-----Original Message-----
From: Jim Johnson [mailto:jejohn@xxxxxxxxxxx]
Sent: Monday, June 03, 2002 10:11 AM
To: Duke Jones - Portfolio Manager
Cc: realtraders@xxxxxxxxxxxxxxx
Subject: Re[2]: [RT] Lowry Intensity indicator - MTA Award
Hello Duke,
thanks for clarification of the issue. your chart did not come thru.
can you post again? thanks.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Monday, June 3, 2002, 10:41:01 AM, you wrote:
DJPM> Earl,
DJPM> Paul Desmond's current thesis is not based on the small or large cap
DJPM> argument but that the NYSE has been proliferated with non-operating
DJPM> companies. CEFs and the like. Lowry's has developed their own index
based on
DJPM> just the operating companies of the NYSE and this appears to be more
DJPM> effective in measuring the "true
DJPM> Breadth" of the market. Of course only time will tell. There are
plenty of
DJPM> other in your camp regarding decimalization like Alan Newman (H.D.
Brous
DJPM> Co.) who have voiced their concern over the effectiveness of the AD
line.
DJPM> At this point I am leaning towards the camp that says that a true
operating
DJPM> companies AD line still has merit and can be an effective tool.
Enclosed is
DJPM> a sample of the NYSE Operating Co. Breadth chart.
DJPM> Best Regards,
DJPM> Duke
DJPM> "The Secret to the Market is Rotation, Rotation, Rotation." The Frost
Sector
DJPM> Rotation Fund is part of the Frost Bank family of Funds. (CFR-NYSE)
DJPM> -----Original Message-----
DJPM> From: Earl Adamy [mailto:eadamy@xxxxxxxxxx]
DJPM> Sent: Monday, June 03, 2002 9:24 AM
DJPM> To: realtraders@xxxxxxxxxxxxxxx
DJPM> Subject: Re: [RT] Lowry Intensity indicator - MTA Award
DJPM> Thanks for the link to this year's MTA award.
DJPM> In my book, the major controversy in use of breadth has nothing to do
with
DJPM> number of small versus large stocks ... the very concept of measuring
DJPM> breadth is to see if the tide is lifting/lowering all boats or just a
few.
DJPM> The real issue is decimalization which has radically changed the
meaning of
DJPM> an advance/decline from 12.5 cents minimum to 1 cent minimum. Given
the long
DJPM> term upward bias of advances, decimalization has obfuscated the value
of
DJPM> this indicator. For this reason, daily breadth has lost value, however
DJPM> weekly breadth remains useful.
DJPM> Earl
DJPM> ----- Original Message -----
DJPM> From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
DJPM> To: "RealtradersList" <realtraders@xxxxxxxxxxxxxxx>
DJPM> Sent: Wednesday, May 29, 2002 7:32 AM
DJPM> Subject: [RT] Lowry Intensity indicator - MTA Award
>> Paul Desmond of the Lowry Reports fame won the recent MTA 2002
DJPM> award.......
>> and below is a related article with a consensus "expert TA" market
DJPM> 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.
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