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Jim,
I didn't read the article, but I have found that intraday uvol-dvol is
infinitely more valuable than adv-decl. This is true on NYSE, but esp. true
on Nasdaq, where few stocks account for much of the volume and price
movement.
Chris
----- Original Message -----
From: "Jim Johnson" <jejohn@xxxxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, March 21, 2002 7:27 AM
Subject: Advance-Decline data
> 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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