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Dear Dan,
No problem at my end. Consider it an open topic for all if no
meaningful objections.
John
------------------ Reply Separator --------------------
Originally From: Dan C <danc@xxxxxxxxxxxx>
Subject: Re: [RT] Momentum
Date: 11/09/2002 07:08pm
Please keep the topic open to all.
Thanks,
Dan
John Cappello wrote:
>
> Dear Dom,
>
> The Market Momentum is what I have been using and I had wanted to
> know what data feeds to obtain to calculate it within the system. It
> is definitely not the standard Momentum as defined and sounds
> secretive. The nice thing about the site is that it updates on a 10
> min. basis as I recall. Worst case scenario if it continues as a
> decent screen, it is easily accessable.
>
> It seems that what they are doing is proprietary. I e-mailed them
> anyway to see if they would release further details on it gratis or
> for a price.
>
> If there is any further interest in this Market Momentum, let me
know
> privately and I will let you know what I find out, if anything.
>
> Thanks,
>
> John
>
> ------------------ Reply Separator --------------------
> Originally From: "dom1_1998" <dominick@xxxxxxx>
> Subject: [RT] Re: Momentum
> Date: 11/10/2002 02:42am
>
> I copied this from their site:
>
> Momentum
>
> Market Momentum is an overview of the stock market. Momentum lists
> selected major market indices and market rates as well as a market
> momentum summary box.
>
> The momentum summary box contains a table of the number of stocks
> whose price has increased and decreased and the percentage of stocks
> above their 20, 50, 100, 150 and 200-Day moving average, today,
> yesterday, last week and last month.
>
> Momentum also lists the number of NYSE, NASDAQ and AMEX stocks who
> have advanced and declined for the day with the volume of shares
> traded, as well as the number of new 52 week high and low stocks for
> each of the exchanges.
>
> Dominick
>
> --- In realtraders@xxxx, John Cappello <jvc689@xxxx> wrote:
> >
> > I know the classical definition of Momentum as calculating the
> spread
> > of the current price and the price length intervals.
> >
> > A line of Momentum calculations indicates if prices are changing
at
> > an increasing or decreasing rate. Crossing the zero line indicates
> a
> > change in trend.
> >
> > That being said if one goes to www.barchart.com a Momentum of -
> 0.58%
> > is seen at the bottom of the page. You will also see the Momentum
> for
> > other times of the month.
> >
> > Can anyone decipher if barchart Momentum is calculated per the
> above
> > definitions. I have been using it as a screen to accept or reject
> > signals given by my system. Reject a long signal if Momentum is
> > negative and accept it if Momentum is positive. Vice versa the
> > rejection and acceptance of a short signal. So far the results
have
> > been impressive.
> >
> > Positive oriented comments sought.
> >
> > John
>
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