RE: [CANSLIM] market bottom

From: Roger Tawa <rogerta@videotron.ca>
Subject: RE: [CANSLIM] market bottom
Date: Fri, 02 May 2003 22:06:20 -0400
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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>

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