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The real info might get lost in the aggregation of indexes. I like really simple
concepts - they either work or don't work and it's pretty easy to see. I don't
think there is any concept which will always work, so I like to concentrate on
the simple concept(s) which is(are) currently driving the markets and set the
others aside. I suspect for now, one would do reasonably well by correlating the
tradeable asset with the dollar and see if it is positive or negative.
On the subject of using new h/l issues as a factor, I would opt for a/d issues.
I've done a lot of historical backtesting of issues info with US equities and
h/l data comes in well behind a/d. Also of note, I tried using NYSE bond a/d
with bonds and didn't get a big payoff.
Earl
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: Earl Adamy <eadamy@xxxxxxxxxx>; Omega List <omega-list@xxxxxxxxxx>
Date: Wednesday, August 26, 1998 1:48 PM
Subject: Re: Serious Question
>
>>World Influence: put the US Dollar in your workspace and watch the trend.
>When
>>the trend turns down, commodities will rise and bonds will fall.
>>
>>Earl
>
>
>Earl, I'm thinking of first making a World Equities VS. World Bonds chart.
>I would factor both indexes by new highs and new lows, I think? Then I
>would do the World Currencies and factor the same. Then I could make an
>Oscillator out of the two and plot and see what happens. I would then build
>a Metals and Energies and try and figure out how this all plays together. I
>believe by using new highs and new lows I would be relived of the
>responsibility of proprietary weighting. Whatcha Think? MB
>
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