The ACD Method

Maverick74 said:
Nice job Robert. Looks good!
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Thanks coach! :)

Question sir. I keep a few of the DOW 30 stocks and I was wondering a couple days ago: What if we tracked the 3 number lines of the DOW 30 stocks and then summed them, would it be of any value in our trading? Or, does the DOW index numbers basically reflect that anyway?

Thanks
 
Robert Yanks said:
Thanks coach! :)

Question sir. I keep a few of the DOW 30 stocks and I was wondering a couple days ago: What if we tracked the 3 number lines of the DOW 30 stocks and then summed them, would it be of any value in our trading? Or, does the DOW index numbers basically reflect that anyway?

Thanks
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I'm not Maverick but I personally think it would be of little value. What is numberlines? What does it show to you? For me its quick way to glance how intraday action is looking and is stock acting right. So lets say you have stock A which acts strongly and stock B in same sector which is weak and whole market is in bull trend. So you sum up A and B and get 0. What does it tell you? Not much. Sure you can use it for confirmation or look for divergences between sum and index numberlines but I think you would get more information tracking nbs separate and would still be able to notice that stocks looks weak even though index going up. Why sum them up and loose information? Maybe I don't yet see the value in it.
 
Robert Yanks said:
Thanks coach! :)

Question sir. I keep a few of the DOW 30 stocks and I was wondering a couple days ago: What if we tracked the 3 number lines of the DOW 30 stocks and then summed them, would it be of any value in our trading? Or, does the DOW index numbers basically reflect that anyway?

Thanks
More...

Hi Robert, I agree with ignl. I think if you wanted to trade those stocks individually and you wanted to look at relative value then that would work. I always like to default the simplicity rule which I think Einstein had a few words to say about that:

"Everything should be made as simple as possible but not simpler."
 
kinggyppo said:
Hey Mav,

what is your weekly A down on NQ when you get a minute?
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3475

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