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fib_1618

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As many of you know, Stock Charts made the decision on April 1st to discontinue some of the old Decision Point charts. I have been in communications with customer service on this and got this answer today that should help to explain why they had to make this decision along with the inclusion of other data charts not mentioned in the article. Hopefully this will clear up any misunderstandings about how this was handled.

"There are numerous reasons - some technical, some accuracy-related, some age-related - why we could not continue to maintain all the DP indicators. Including:

1.) The list of "Total Market" stocks was outdated and inaccurate and no suitable alternative was available.
2.) When S&P changed the definition of the sectors last year (when they added the real estate sector) it made those indexes obsolete. The historical data would not have matched the current data.
3.) The process that calculated some of those indicators was based on discontinued technology from the year 2000 - literally.
4.) The indicators were not being used by many people at all. Many were charted less that 100 times a month.
5.) The workload involved in maintaining those indicators every day was significant.

There are other reasons beyond those but those are some of the big ones."



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