Feb
9
9
Having our own daily commentary
by Lawrence Chan on Feb. 9th, 2008 in Daily Commentary
Due to heavy demand by users of NeoTicker and readers of articles I have written, I will start posting charts with interesting breadth data.
The first ones are the 3-day advance issues and the extreme readings of TICK16, both collected on S&P 500 components. I have written an article on using 3-day advance issues in a basic intraday trading system, you can locate the article through Futures magazine.
For TICK16, although it is in use by many users for daytrading, I have not really spent time on explaining what it can do comparing to the classic $TICK index. It is on my to do list and I will have it done soon.