Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] market bottom
Date: Fri, 2 May 2003 22:25:44 -0500
Next Article (by Author): [CANSLIM] Opinion on LXK Marc Deiter
Previous Article (by Author): RE: [CANSLIM] Climax Top on GRMN? "Gasta, Jeff"
Top of Thread: RE: [CANSLIM] market bottom Roger Tawa
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_0034_01C310F9.C5A19CF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Roger, This may shed some additional light on the subject: ==== Ask Bill O'Neil Friday, May 2, 2003 "When checking for distribution days in the Dow Jones Industrial Average, do you use the market volume or the DJIA volume?" To analyze the Dow, IBD uses the NYSE Composite volume rather than the Dow's volume. The idea is that when looking at a market index you want to examine market volume. It's for this same reason that IBD uses NYSE volume to gauge the S&P 500, which is made up mostly of NYSE stocks. The S&P 500 and Dow charts on investors.com also use NYSE volume. ===== - --Katherine > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] > Sent: Friday, May 02, 2003 8:06 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] market bottom > > Hi all, > > Fyi, here is email thread with Bill: > > -----Original Message----- > From: WmGraLee@aol.com [mailto:WmGraLee@aol.com] > Sent: Friday, May 02, 2003 9:02 AM > To: Roger Tawa > Subject: Re: Market Tester question (fr-ws) > > I think you could be right -- it might explain why backtesting shows > better results for the NAS. > > In a message dated 4/30/2003 9:13:39 AM Central Standard Time, Roger Tawa > writes: > > > > Subj: RE: Market Tester question (fr-ws) > Date: 4/30/2003 9:13:39 AM Central Standard Time > From: Roger <mailto:rogerta@softimage.com> Tawa > To: WmGraLee@aol.com <mailto:WmGraLee@aol.com> > Sent from the Internet > > > > Hi Bill, > > > > Yes, I have confirmed this with csi. Here is my email conversation with > them. Could this explain why you feel the market tester works best with > the NASDAQ market than other markets? Thanks. > > > -----Original Message----- > From: WmGraLee@aol.com [mailto:WmGraLee@aol.com] > Sent: Wednesday, April 30, 2003 8:47 AM > To: Roger Tawa > Subject: Re: Market Tester question (fr-ws) > > > > HI Roger -- > > You raise some good points. Who did you talk to at csi? Also, do you or > csi know of any data services that do report Dow, S&P 500 etc volume? > > Bill > > In a message dated 4/29/2003 8:18:26 PM Central Standard Time, Roger Tawa > writes: > > > > > Subj: Market Tester question (fr-ws) > Date: 4/29/2003 8:18:26 PM Central Standard Time > From: Roger <mailto:rogerta@videotron.ca> Tawa > To: order@market-tester.com <mailto:order@market-tester.com> > File: winmail.dat (3984 bytes) DL Time (26400 bps): <1 minute > Sent from the Internet > > > > Hi Bill, > > I found out about your market tester from the canslim@lists.xmission.com > <mailto:canslim@lists.xmission.com> email list. I have a question about > your data source. On your methodology page, you say that the market > tester > uses msn, and hence csi data, as a data source. > > However, are you aware that csi data does not calculate volume for > indices? > For example, both the S&P500 and Dow Jones Industrial indices report the > total NYSE volume, not the volume of the indices themselves. I have > confirmed this with csi. The NASDAQ composite index however seems to > report > the total NASDAQ volume, which is probably ok, but this part I have not > confirmed. > > What effect do you think this has on your market tester when used with > indices besides the NASDAQ composite? This does not seem to be in the > spirit of WON's definitions of distribution day or follow through day. > > Looking forward to your response, thanks. > > ================================================= > Roger Tawa > http://tawacentral.net/ > [One thing about paradigms: shift happens.] > [When you stop, you're done.] > > > > > > > ================================================= > Roger Tawa > http://tawacentral.net/ > [One thing about paradigms: shift happens.] > [When you stop, you're done.] > > <snip> - ------=_NextPart_000_0034_01C310F9.C5A19CF0 Content-Type: application/ms-tnef; name="winmail.dat" Content-Transfer-Encoding: base64 Content-Disposition: attachment; filename="winmail.dat" eJ8+IiwDAQaQCAAEAAAAAAABAAEAAQeQBgAIAAAA5AQAAAAAAADoAAEIgAcAGAAAAElQTS5NaWNy b3NvZnQgTWFpbC5Ob3RlADEIAQ2ABAACAAAAAgACAAEGgAMADgAAANMHBQACABcAGQAAAAUAFgEB A5AGABwOAAAkAAAACwACAAEAAAALACMAAAAAAAMAJgAAAAAACwApAAAAAAADAC4AAAAAAAMANgAA AAAAHgBwAAEAAAAOAAAAbWFya2V0IGJvdHRvbQAAAAIBcQABAAAANAAAAAHDDS7OLcFYDRGaW0TY lzSaOjclpK8AFgzFgAAU3n4gAB47KRAAF/4VIACZFU/gAAL1GFACAR0MAQAAABkAAABTTVRQOktN QUxNQEVBUlRITElOSy5ORVQAAAAACwABDgAAAABAAAYOADa09SsRwwECAQoOAQAAABgAAAAAAAAA X0odaOc1T0CNMwGQn69VMcKAAAALAB8OAQAAAAIBCRABAAAAsgkAAK4JAAATFAAATFpGdTb7vOoD AAoAcmNwZzEyNRYyAPgLYG4OEDAzM/kOxmZlD0IB9wKkA2MCAARjaArAc2V0MCAfB20CgwBQBFUC AHBycf8TkRHHCFUHsgKDDlAD1BQjfxYxEccHEwKDD3AWXxH1YXZoA3ECgzQRNxkOEm59UwqACMgg OwlvMB4jMXY1D3AJwzUAUAoyD0AyNR4vZQ4wNSDfEBAyOEsCgAqBdgiQd2sLgGTZGqB1YwBQCwNj E4ILw1A0IEhpB/FnBJAspwqiCoQKgFRoBAAgAMBweSBzaAmAJ4ADcGWAIGFkZGl0aQIgwQdAIGxp Z2gFQAIgjCB0J6AngHViagWQ9HQ6Jko9KvEmRSTwAtGHE5EL8Rewc2sgQgMQuQMgTycHwAMQJkRG BRCaZCdgLAXQJ2EgMi4QzwHQD1AK4yaGIlcnoAOg5xugBZAkAWcgAhAFwChQ5HN0BRBidShyMOAn YKcEIAuAKWNEbwfgSgIgNQeRSSQgdTESKLFBdg0EkGEmAC4QZG8geT0IYCAzUCgQKXIAwHJr6Rvw IHYG8HUoAQWxMkPISklBNbU/IiZLNHBzAHAHQHl6NPQygS4QSRxCRDTCBCApck5ZU6JFFSFtcG8A kHQoEL81xTQAKXE2QgORMkUnBCCdNcQuHCApgS3QZWEyALM54juwIHcv4gkAbzBjTz5hPfA1VSQR ZXg0g3ebAHAFQHQ0cEBQYW0LgPM1PT1gSXQ80TCyKXAnIf5zQWA7gT3gJ+ApUj5hOXfHOkM1xUER Z2F1JgApY+BTJlAgNS7ALhA+kL0N4Gg+AgDAAQA0wHAnQG060HQ4kCkwZjo0MRBv/TBQcz1kRsU4 USfAMoIbon50BCApQQuAM+BJURvQLnUFoG0oIGwn4DTDRTkuHys3JRgq8ismJlMtLUufO7NBgSZK CvQo4DM2AUD7K6IUQG87ACoAFhEuYFHgxw8TJYAYRDE2IFAgVHHaTwUQZwuAKLFNB5BDkH8mAFRz JkZSpFJxCxNSpmkwLTE0NAFAKOAxOGcuwAzBWBNiIC2wA3A6OwMwDJJiHBAykDLgci3mYwBxKOBt QCjgMRBJoN54QXAEECiBTENbAMADEO1BEDpaT1tdXS72WUAGYD8CMCogWdUtuiCwLpU4OvIwVFBQ TV73ODBfx10/T1u3XvgpxlnVUkVZoFuAQ0FOU0xJTV7Q/zVVBuACQGTXVi9XOVH2DlBfDwcWIywx JbEHQGwmO0a8eWkuEDvRPaEEIGVcYv8pYUPhJ8AD8ClwLJMqKyTkfy7gVH9ViCjgULFZRVoCIChX bUc0AEwJ4EBh9wbwXAtzjl1yZl+Ec0JgX+0uwjlhsFMgQWIAcnVion9zQiXjGeFAwHYnKcZ5w2W3 WaAuMDVzVEvhFYFxClALMRAxgigDUC13cyn/arMakiVxJkVrli72JPEzEJ1DMm4sgDSSBaB1bCfA /mI7gSjzUCAyAAVAQXApAq9AUAtTPoEncGIA0Gs7AP99QTCBJ5AykAQggaACQBWBnx5AKbBckELm OiFBU03Q/3JzcnIzET+CVWQxsTsAJ8AgNC8zMC94RTEz+DozOXjRFSBfkTQAAyD+UwGQJCALERwj LhB6CD6A/wUQg/EqIIaXcmRqwmivVzl6YgsgcglQj0IY0I9Cd58MAo9RJPAPcI9Ac3BSIIlTQWk0 D0Bcc2IPQP2RwWElgFIygGBlglmhWUC/ZoJ8P31LkzFYQkGRRIgR/1mgiG+Jf4qGhtRZZZDCgWC9 efU8XGUDYCYBAZBAJ+BvAYAHcDQRTEI+JOOBYG7/MtEuYHpnYpKZ53OPmtae7v+cqnJkJcBfgjCg A2EpYzMg95RRMuAFQWmVxIxPGpAlov8soiYwJPKGmJniJZCZ4qaZ3aWTWQeQOVFtgGEz4IExem5X 4HIHgCfAQ0Nu42PvAJA9YCWgbaVtJ3BuFKmx3zPhQ5Axc27jKXFtqyEIUd+BcUNDgvo0khAAZW5S NTf7g/IVgXcFsEmQgZExEK0n8YYyREFRsCc8IlKwO9L5NVRzP51hPCFJkafNcnP/cJ9xr3K/c8+g P3XvuNQJgHsy4S3jQRRAAxGWsGE3NP43eN9573r/fA99H2rSpsh7kWKGtkiAgL/0t+aG41nfNKE0 AAQAKZEn8mc+8CfA/zrAC4BbUbkBGhAw4SfANJJ9AZBsLIBBET5hqvG0UUHPTKE0RwWxqvEga50g B+C/SNEAcCdwiAE98BvgciPA/mM50z5hNGEeQDrAACA5FPtKFhvwYzbmxNwsooaPh52cMjmW1GGg WIA6MmHS/5ffir+Lz9cuktjCL5TPldz/0y/UP5jfme+a/CPAAQBSsPsDYFvxYZyvnb8DIAWwBIH6 QDVULbCkn6vkP+VEoX9fWVADEMHxWTED8G5cYi4riAG40yiXgDglkGJ584Px2uBETBwjfZDc4Fgw 2RwQYnB98FmgPIBgQXH/MWCiL6M/pE/FZKX20Tkwof51SqEIYD9xBuDyMTSRs8b/sJbt12NfZGjR g5rW9I9bt/4+LmBuFPeCqyGpRT3wwwd/8mPRdPLDzLQIYc1QqyFPvwOg8sQb8BoQNGAJAGcncP8K sDQiNJJDkCdwPkOv/9F08TmzbXNuLhBKki/hzVD/y6PMsgEBBCA98PvKxQoykP5lM+EBAW2xNJLA YW2xPkO/AcY0UQCh4nDKMcmwY4Fg34gRNbYwsiQRzUI/3pXLgf9BQgtQNDFn0bH0ShFKWjLP/whV zgYpcdF0QRDJoUUqLhD/BsIpcjXGSOApcgyWrYIb4P5sS9H5d9F0qb+qxz2CslX/n7E6xUAkhIEE UszxEUFBAv/OFA21KYEOFbJkDsZHV1KR94OwHwBIsWsJ4fIxQ0MkoX9EgalUBsESXYZ6L9A+YWX+ Zq+gKgA0VoCkQ0NLIEtj//LPsPEv4kzhbsTRdAyWsXH/PcE55RSttFMnIQZ3FoJBAn+BoTIU0XSR IBLwgmFI0VfcT0480eFQV+BuOvAxgf9LYUjgMP42IjCwLMALUW5x7/IggfAxsoZ6TD71MLEFQf+u MTRzhSM6wPcgNDE8ErTC/9E4TxMwDzEfMcjRdL/9bYDhhPBwOi8vX+DWQM1Q1d1jLu6xL9F0W/yg BXL/PyPyc1GhR/CB4ADQWaCEcOZpm/CpUXBwAXBJoLu0X1xAyOA+sf5DQRBw/iMn/22xBnALoDiV Ou+1836oje//ah1rwm+FU2Yvv0FvMd9vk/+/+W+TND81RW+TNg83Hzgov0ZkOS86Oj+Ka2FvkzwA 4KxpcOH0b5N9UXAATiAAAB4AQhABAAAANAAAADxQQ0VITEtLREtNTkhOUExPRkdHTEVFREtDRkFB LnJvZ2VydGFAdmlkZW90cm9uLmNhPgALAAGACCAGAAAAAADAAAAAAAAARgAAAAADhQAAAAAAAAMA A4AIIAYAAAAAAMAAAAAAAABGAAAAABCFAAAAAAAAAwAHgAggBgAAAAAAwAAAAAAAAEYAAAAAUoUA AH1uAQAeAAmACCAGAAAAAADAAAAAAAAARgAAAABUhQAAAQAAAAQAAAA5LjAACwANgAggBgAAAAAA wAAAAAAAAEYAAAAAgoUAAAEAAAALADqACCAGAAAAAADAAAAAAAAARgAAAAAOhQAAAAAAAAMAPIAI IAYAAAAAAMAAAAAAAABGAAAAABGFAAAAAAAAAwA9gAggBgAAAAAAwAAAAAAAAEYAAAAAGIUAAAAA AAALAFKACCAGAAAAAADAAAAAAAAARgAAAAAGhQAAAAAAAAMAU4AIIAYAAAAAAMAAAAAAAABGAAAA AAGFAAAAAAAAAgH4DwEAAAAQAAAAX0odaOc1T0CNMwGQn69VMQIB+g8BAAAAEAAAAF9KHWjnNU9A jTMBkJ+vVTECAfsPAQAAALIAAAAAAAAAOKG7EAXlEBqhuwgAKypWwgAAUFNUUFJYLkRMTAAAAAAA AAAATklUQfm/uAEAqgA32W4AAABDOlxEb2N1bWVudHMgYW5kIFNldHRpbmdzXEthdGhlcmluZSBN YWxtXExvY2FsIFNldHRpbmdzXEFwcGxpY2F0aW9uIERhdGFcTWljcm9zb2Z0XE91dGxvb2tcTWlj cm9zb2Z0XE91dGxvb2tcb3V0bG9vay5wc3QAAAADAP4PBQAAAAMADTT9NwAAAgF/AAEAAAAzAAAA PEVQRUFJTkRERk9OS0lDTUhMQ0FFRUVBS0NNQUEua21hbG1AZWFydGhsaW5rLm5ldD4AAAMABhBM si/FAwAHEHELAAADABAQAAAAAAMAERABAAAAHgAIEAEAAABlAAAASElST0dFUixUSElTTUFZU0hF RFNPTUVBRERJVElPTkFMTElHSFRPTlRIRVNVQkpFQ1Q6PT09PUFTS0JJTExPTkVJTEZSSURBWSxN QVkyLDIwMDMiV0hFTkNIRUNLSU5HRk9SRAAAAABRrQ== - ------=_NextPart_000_0034_01C310F9.C5A19CF0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): [CANSLIM] Opinion on LXK Marc Deiter
Previous Article (by Author): RE: [CANSLIM] Climax Top on GRMN? "Gasta, Jeff"
Top of Thread: RE: [CANSLIM] market bottom Roger Tawa
Articles sorted by: [Date]
[Author]
[Subject]