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Hello Bill,
OddBall could be doing OK in spite of the composition of the NYSE.
Closed end funds have been around a while, albeit to an increasing
degree. What I'm wondering is if OB could be even better with a
tigher definition of what an "issue" is.
To paraphrase another Bill, it depends on what your definition of issue
is.
--
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
Thursday, March 21, 2002, 10:20:44 AM, you wrote:
>> As they say, this issue seems non-trivial.
BW> I'll not argue that point at all, but has it
BW> effected breadth based systems performance? Again
BW> OddBall makes a nice benchmark as it uses breadth as
BW> its only criteria.
BW> BW
>>From: Jim Johnson <jejohn@xxxxxxxxxxxxxxxx>
>>Reply-To: Jim Johnson <jejohn@xxxxxxxxxxxxxxxx>
>>To: omega-list@xxxxxxxxxx
>>Subject: Advance-Decline data
>>Date: Thu, 21 Mar 2002 08:27:09 -0500
>>
>>Hello omega-list,
>>
>> I read McMillan's article in TASC last night about the junk that's
>> included in the Advancing and Delcining issues data stream. It
>> seems a fairly compelling case (many issues are closed end bond
>> funds that may change price by only 1 cent based on interest rate
>> changes). In addition, the 1 cent trade increment has cheapened the
>> definition of an advance or a decline. He does suggest that because
>> these "bastard" issues (my term) have low volume, that advancing/
>> declining volume may be a better alternative.
>>
>> As they say, this issue seems non-trivial.
>>
>> I appears that Neoticker's NeoBreadth product may attempt to create
>> custom A-D indices. Is that what it does, has anyone tried it?
>> other thoughts on this data cancer problem amongst us?
>>
>>--
>>Best regards,
>> Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
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