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Hello Earl,
thanks for the insight about the oscillator difference. I personally
prefer the McCl Osc on 30 and 60 in bars rather than the raw Adv
Issues just using the "traditional" lengths.
What do you use?
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Monday, June 3, 2002, 12:01:35 PM, you wrote:
EA> I believe less useful ... the lower minimum has replaced some information
EA> content with more noise and the noise level in price information is already
EA> quite high in this chop.
EA> I also agree with the comments regarding operating versus non-operating
EA> companies which has given the a/d issues information an overweighting in
EA> financials. This is certainly important when one looks at a cumulative a/d
EA> line, however much less so when one uses oscillator based a/d indicators
EA> which I prefer for short term timing.
EA> Earl
EA> ----- Original Message -----
EA> From: "Eliot Kaplan" <eliot@xxxxxxx>
EA> To: <realtraders@xxxxxxxxxxxxxxx>
EA> Sent: Monday, June 03, 2002 8:54 AM
EA> 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
EA> 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
EA> lost
>> value? I would suppose that you do. I'd love to hear your thoughts on
EA> 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
EA> 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
EA> few.
>> > The real issue is decimalization which has radically changed the meaning
EA> of
>> > an advance/decline from 12.5 cents minimum to 1 cent minimum. Given the
EA> 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
EA> 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
EA> 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/
>>
>>
>>
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