| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 12/19/2004
Posts: 415
|
Sir TrilionDolarMan has a gem of a concept with this index and summation.
However, I have found the data in TC to be sorely lacking in consistent accuracy. Namely the up and down stocks. I do not have confidence in the presentations in TC, and follow other sources to obtain what I believe to be a very valuable tool.
|
|
Registered User
Joined: 6/6/2005
Posts: 1,157
|
That's a pretty intense statement bk. Could you provide an example or two? I myself have never had any trouble with TC data, but if something's not working I'd like a little insight.
Thanks.
David John Hall
|
|
Registered User
Joined: 4/18/2005
Posts: 4,090
|
interesting statement in general BK night. Just drop in and say that with out quantifying it or anything? Almost Bigblockish. I also have never had a problem with the TC information. I use the McClellan in blocks frequently and havnt had a problem... but I use other market breadth indicators more.
|
|
 Gold Customer
Joined: 11/30/2004
Posts: 10
|
The data in TC does not match the McClellan’s data found at http://www.mcoscillator.com/Data.html
The McCellan Oscillator and Summation Index numbers will be different if the starting point has a different date. That being said the patterns are the same in TC as the McClellan’s. Meaning, the highs, lows, and zero line crossing point occur on the same dates. And I have found it is the patterns that are most important. So buy every time the Summation make an extreme low (-1000 or more) and then the Oscillator goes screaming back up through the zero line causing the Summation Index to reverse course.
|
|
Registered User
Joined: 4/18/2005
Posts: 4,090
|
then it would sound that they are scaled or calculated diferently ... It is not uncomon for some of wordens indicators actual values to be meaningless... but the visual value is where the meaning lies.
|
|
Registered User
Joined: 12/19/2004
Posts: 415
|
QUOTE (davidjohnhall) That's a pretty intense statement bk. Could you provide an example or two? I myself have never had any trouble with TC data, but if something's not working I'd like a little insight.
Thanks.
David John Hall
Sorry I have not written any of the occurrences. I did write to the support group, I believe 3 or 4 times before they revised the numbers--1 to 2 trading days later. Afterward I observed another data glitch and quit using the indicator. I'm not talking about a difference of 50 issues, we are talking about major differences.
QUOTE (scottnlena) interesting statement in general BK night. Just drop in and say that with out quantifying it or anything? Almost Bigblockish. I also have never had a problem with the TC information. I use the McClellan in blocks frequently and havnt had a problem... but I use other market breadth indicators more.
I didn't think I was sounding like Bigblock, and didn't mean to sound like him. I have a question though, how do you KNOW you are not having problems? Have you checked other sources? I'm not saying that I am not generally satisfied with the data, and I know it must be a daunting task to collect and put in database(s). This one, however, has had problems in the past as I look at each days data(but haven't written a list of occurrences).
|
|
Registered User
Joined: 4/18/2005
Posts: 4,090
|
that is true... I don't know.. at some pont I guess I gotta figure that people do what they say they are doing. HOnestly I don't use that indicator that much any way, so i dont KNOW and wouldn't know how to double check it.
|
|
Registered User
Joined: 12/19/2004
Posts: 415
|
QUOTE (davidjohnhall) That's a pretty intense statement bk. Could you provide an example or two? I myself have never had any trouble with TC data, but if something's not working I'd like a little insight.
Thanks.
David John Hall
An interesting day:
TC
NYSE Up Stocks 838
NYSE Down Stocks 1848
IBD
NYSE Up Stocks 1141
NYSE Down Stocks 2141
Yahoo
NYSE Up Stocks 1137
NYSE Down Stocks 2132
And I'm not going to do this everyday, just food for thought.
|
|
Registered User
Joined: 6/6/2005
Posts: 1,157
|
Thanks for the update, BK. I will look further into this myself.
|
|
Administration
Joined: 9/30/2004
Posts: 9,187
|
Our list of NYSE stocks only includes common stock listings, which is why our NYSE universe is currently at 2813 stocks.
|
|
Registered User
Joined: 12/19/2004
Posts: 415
|
Thanks for the information, as this is the first time that anyone in the organization has indicated the smaller number. So the difference is preferred stocks?
|
|
Registered User
Joined: 12/19/2004
Posts: 415
|
QUOTE (davidjohnhall) That's a pretty intense statement bk. Could you provide an example or two? I myself have never had any trouble with TC data, but if something's not working I'd like a little insight.
Thanks.
David John Hall
If one looks at the advance decline for the NYSE for the last two days:
Adv issues 1341 (both days)
Dec issues 1412 (both days)
Seems to me that the figures for today are grossly out of whack.
|
|
Administration
Joined: 9/30/2004
Posts: 9,187
|
You might need to update your data. For today, 10/7/07 I have:
NYSE Adv 618
NYSE Dec 2153
|
|
Registered User
Joined: 10/7/2004
Posts: 319
|
Actually, I got different numbers for today with TC (close):
NYSE Adv 286 (10%)
NYSE Dec 2,5860 (90%)
Yahoo Finance (includes preferred stocks):
NYSE Adv 307 (9.1%)
NYSE Dec 3,052 (90.8%)
Seems to me the TC figures are accurate (noting they do not include preferred stocks)
survivor
|
|
Registered User
Joined: 12/19/2004
Posts: 415
|
QUOTE (StockGuy) You might need to update your data. For today, 10/7/07 I have:
NYSE Adv 618
NYSE Dec 2153
I did my initial update at 1900 +/- CDT, and those were the numbers from the update. I have recieved an email from your support people and have done the update as suggested. I now have the same values as you list.
|
|
|
Guest-1 |