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| FREQUENTLY
ASKED QUESTIONS |
| Q: |
Do
you compute your predictions for an Index from the
open to the close or from the close of trading to the
next day's close? Do you compute your results from
the initial prediction or the last one (I notice your
prediction can and does change in the first hour of
trading)?
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| A: |
All
Intra-day Momentum and related indicators, whether for
Index or Stock, are calculated to display anticipated
trend for the current session from OPEN through to CLOSE.
All indicators are established well before market open
and generally will not change through the course of the
day. On occasion there may be a change in the MarketMeter’s
ID gauge just before or just after the market open. This
can be caused by various factors that can come into play
during pre-market activity, and can in turn change the
markets direction for the day. These instances are rare
as the pre-market “event” would have to be
significant enough to influence the whole market. The
Index (NDX) gauges will fluctuate to a greater extent
than the MarketMeter’s ID gauge, and will do so
throughout the course of the day. They are tied directly
to the MarketMeter, however their scope is not as broad
for which reason they tend to have greater volatility
which will depend on the stocks they are comprised of.
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| Q: |
Why
does the Intra-day gauge move up/down when refreshing?
Does this have any significance?
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| A: |
There
is no real significance. It’s more to do with
the MarketMeters internal algorithms, every time momentum
information is refreshed an internal reset takes place
to insure all prior information is cleared and correct
data sequencing is in place with our server.
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| Q: |
I
do not see any data in the Timing Indicator windows
of the MarketMeter. How come?
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| A: |
Entry
times are provided in the morning only. By 11:00AM
day trade positions have been, or should be, established.
Shortly after 12PM noon the MarketMeter defaults to
PM (tracking) mode, and is intended to display the
increase/decrease in momentum for the remainder of
the day. Timing Indicators (for entry) are not displayed
by default during this cycle.
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| Q: |
Does
the MarketMeter Intra day Indicator always predict
the returns from 9:30 to 4:00? Or, does it predict
returns from the current time of day to 4:00? For
example, if the MarketMeter is updated at 2:30pm,
does it forecast the return from 2:30-4:00, or from
9:30-4:00?
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| A: |
The
MarketMeter anticipates the returns for market open
to close (9:30 – 4:00). It is updated regularly
to reflect current market status based on its prediction,
but the prediction (up or down) will not change during
the day.
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| Q: |
For
the Short Term portfolio, it's my understanding that "optimum" entry
would be based on the three times listed on the MarketMeterPRO
for the 1st day of trade. If that is correct then
does it apply when the Intra day and Cyclical 4D
meters are not in sync? Also, for optimum exit on
the fourth day is it based entirely on the Intra
day (MarketMeter) reading? Are the results calibrated
for a specific time in the morning or afternoon based
on the intra day reading?
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| A: |
The
timing indicators are not designed to be used with
short term investing, specifically. That is in some
situations they may apply, depending on the ID and
C4 gauges of the MarketMeter. What we normally recommend
short term investors do is time their entry/exit with
the help of the ID gauge - if the ID gauge is in sync
with the C4 gauge, then a short term position should
be established in the morning, and in this case Intra-day
timing indictors may be used. If it is not in sync
then a position should be established towards the end
of the day, allowing any intra-day momentum to play
out. As an example, if the C4 gauge on Monday morning
reads negative, and the ID gauge reads positive, short
term investors should enter a position in the second
half of the day, allowing any negative momentum to
play itself out during the course of that day. The
same idea would apply when exiting a position.
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| Q: |
I
just noticed that, today for example, the MarketMeter
read POSITIVE at 9am when I record the data for the
day then turned NEGATIVE at or after the open. For
purposes of your historical data, at what time are
you recording the direction?
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| A: |
The
MarketMeter reading does not change for the day once
the day has begun. On some occasions when we may get
conflicting or indecisive readings during pre-market
activity, we may re-calculate the day's momentum and
adjust it accordingly if the momentum extracted overnight
by the core system is not strong enough to nullify
current pre-market activity. These adjustments are
rare, and when made will happen prior to or at 9:30AM
ET.
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| Q: |
I
want to trade an index using your Intra-Day Vc4 x
1d Gauge and Timing Indicators. My question is, in
your opinion, which Index do you feel most closely
tracks the Intra-Day gauge and Timing Indicators.
S&P 500, Nasdaq, Dow Jones etc.?
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| A: |
The
MarketMeter was not constructed to track a particular
Index, but rather anticipated North American market
activity as a whole. The primary components that make
up the trend indicators are based on stock activity
from the NASDAQ, NYSE and AMEX. You will find more
often than not (of course this is not always the case)
that the major indices tend to follow each other, when
the market is having an up day, they all have an up
day – to a degree. The Intra Day Indicator is
not calibrated to display how a market might trend
based on the prior session close and today’s
anticipated close, but rather how it will trend from
today’s OPEN through to the CLOSE.
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| Q: |
Hi,
I'm a trader and have been looking at your product
for a couple of weeks now. I would like to investigate
the possibility of using your service. I find the
gauges of extreme help but, what I really need is
the value of the gauge. For example if the market
is extremely negative is there a way I can get a
scaled value? Like -10, or -0.10 or whatever. I just
need a numeric? Also, I don't really care how I need
to access this data if its available. I would be
fine with WebPage, or Sockets, or XML, or whatever?
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| A: |
We
do not provide data feeds outside the interfaces that
are available on our site (MarketMeter, eQuotes, etc.),
and at the present time the only method available for
accessing this information is via the mentioned components.
Dedicated data feeds is something that may be available
at some point in the future. As for the grading of
the gauges, this was left out intentionally. Being
a Trader you can appreciate that market analysis, and
prediction, is not an exact science. We try to give
our users the best possible indication, or “feel”,
as to which direction the Market, Index or Security
is most likely to move over a certain period of time,
without the added distraction of “by exactly
how much”.
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