Registered User
Joined: 10/7/2004
Posts: 35
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I'm running 6.0.13. More often than not, as the new versions appeared, the ability to copy and paste text from Worden Reports -- especially the current note -- has not worked. That function has been reliable in the production version of TCNet. This applies to selecting text and then copying with either Ctrl-C or Ctrl-Insert. Any suggestions on circumventions? I'll be converting my remaining watchlists, watchlist tabs, PCFs, scans, indicators and templates this week-end. I use that function daily.
Thanks for your help.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I just highlighted last night's Worden Report and did a CTRL-C. I come here to the forums and do a CTRL-V to paste. Try that combo of hot keys for me.
(here is the report pasted)
Yesterday's conversation with Sir Secret Royal Moniker has reignited some of the misunderstandings that result from putting MoneyStream in the top window with price. Some (many) Users jump to the conclusion that price and MoneyStream are on the same scale. They are not. They are merely occupying the same space, like a couple of college roommates.
If you conclude that the occupants are somehow intertwined there in the top window, you will probably conclude next that when MoneyStream crosses over the price to the downside, it is bearish. An upside crossover is assumed to be bullish. Wrong. The crossovers mean nothing! Whether MoneyStream is above or below price is as meaningless as which college roommate sleeps in the upper bunk and which one sleeps in the lower bunk.
What does mean something is the direction MoneyStream is moving in and the shape of MoneySteam both compared to price. Rising MoneyStream is always bullish, even moreso when it does so into a falling price (a bullish divergence). Declining MoneyStream is always bearish, even moreso when it does so into rising price (a bearish divergence).
There are two ways to change the timeframe: 1) through zoom changes or 2) time changes in the value of a bar. Does changing the timeframe affect the shape of the MoneyStream pattern? No! Let's say you decide to switch from a six-month chart to a one-year chart. The shape of the six-month pattern and the direction of movement will be unchanged for the latest six months on the one-year chart, except that the latest six months will sometimes be squeezed vertically to accommodate the shape of the chart as a whole. If it is the latest six months you're interested in, there is of course no point in showing a whole year.
To repeat, showing the whole year doesn't change anything significant for the latest six months, but it can make it a little harder to see. Therefore, common sense tells you to size your chart to the period you are interested in. If you are focusing on the last three months, it doesn't make much sense to analyze it on a two-year chart.
What is there about MoneyStream that leads to all these difficulties? We don't have these kinds of trouble with other indicators. Wrong! This is a myth. If you put TSV, or RSI, or OBV or any other indicator in the top window with price, all the same caveats need to be made.
The solution is simple. If you find this troubling or difficult to comprehend, simply move MoneyStream into one of the lower windows.
Back in June 2002 I wrote: "I stopped plotting price and MoneyStream in the same window a year or two ago, because it confused some people. I suggest you put MoneyStream in one of the lower windows. Then it will ALWAYS be below price and you will no longer be confused by it." (Subsequently, I put it back in the top window, because I like it there and it doesn't confuse me.
In July, 2003, I wrote: "A lot of users become particularly confused when MoneyStream passes up through price or down through it. Actually, that is only MoneyStream finding a way to display itself in that window. It would do the same thing if it were there alone, without the price." Or if you plotted the number of murders weekly in Detroit in the same window, price would be above or below it, which would mean nothing. -DW
A Change for the Better
The major averages were all down a little today. There were no significant changes in the chart patterns and trend classifications.
The Nasdaq is in Intermediate Downtrend, while the Dow and SP-500 don't have to drop much further to find themselves in the same kettle of fish.
It is still quite possible the Dow and SP-500 will pull off a tradable rally (for the very quick and nimble) before going through the January lows. Should that happen, the low posted during this Sub-Intermediate decline would become the key support level, replacing the January low.
Breadth readings were mixed, but with a considerable change for the better. Groups were a positive 154 to 85, the SP-500 260 to 233, half-point plus 326 to 117, the Leadership Index 443 to 301.
As I pointed out yesterday, the market has become very oversold, and any brash shorting could be expensive. DW
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 35
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Thanks, Craig! I don't normally think in terms of Ctrl-V as a way to paste. That seems to work when mouse paste and Shift-Insert don't. Thanks for your help in this.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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My pleasure!
- Craig
Here to Help!
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