Registered: 1101777014 Posts: 4,423
Reply with quote #1
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 The list of "Total Market" stocks was outdated and inaccurate and no suitable alternative was available. 2.)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." __________________ Dave's LinkedIn Profile Technical Watch Twitter Page Technical Watch Facebook Page "As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan "An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan "What we see depends mainly on what we look for" - John Lubbock "The eye sees only what the mind is ready to comprehend" - Henri Bergson “Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977 "You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977