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I believe less useful ... the lower minimum has replaced some information
content with more noise and the noise level in price information is already
quite high in this chop.
I also agree with the comments regarding operating versus non-operating
companies which has given the a/d issues information an overweighting in
financials. This is certainly important when one looks at a cumulative a/d
line, however much less so when one uses oscillator based a/d indicators
which I prefer for short term timing.
Earl
----- Original Message -----
From: "Eliot Kaplan" <eliot@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 03, 2002 8:54 AM
Subject: Re: [RT] Lowry Intensity indicator - MTA Award
> 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/
> >
> >
>
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
>
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