Hello everybody – although we have not suffered damage to the properties, we have lost power since yesterday morning. This time, the power damage is so extensive that we do not really know when we can have our power back. As CL&P (our electric company) says it oculd take a week to restore power.
For Deep Practice Program members – we do not expect to have power or internet tomorrow. Unless a miracle happens, we will record the session after the power restores. We will notify you once the recording is available. Meanwhile, you have access to the past 5 sessions. Sorry for the inconvenience.
Stay tuned –
Dr. Gary
While Gary & Helen are sitting in the dark, let me introduce to you Gary’s next great indicator that fits well with the 3-10 oscillator and the Weis-wave, and help you to get a good bias for market direction.
The $TICK represents the net ticks of all stocks on the NYSE.
The tick is the direction in which the price of a stock moved on its last sale. An up-tick means the last trade was at a higher price than the one before it and a down-tick means the last sale price was lower than the one before it. A zero-plus tick means the transaction was at the same price as the one before, but still higher than the nearest preceding different price. A zero-plus tick is not used in the calculation of $TICK.
If 500 stocks ticked up, 250 ticked down, and the rest remained unchanged then the value of $TICK would be +250. If 1200 stocks ticked down and 50 ticked up then $TICK would be -1150.
Quote taken from: http://www.mypivots.com/dictionary/definition/139/nyse-tick
Did you know that you accumulate $Tick candles? Is looks like this in blue/orange bars.
http://www.sierrachart.com/userimages/upload_2/1314663944231.png
The market indices (e.g. ES/NQ) tend circle around the Acc$Ticks. The ES may overshoot or undershoot it with a shakeout, but it always revert back to the same direction the Acc$Ticks is heading.
I have been using for more than a year with ThinkOrSwim, and today I released a version for InfinityAT Sierra Charts. You can pick it up for free. http://www.sierrachart.com/supportboard/showthread.php?t=33559
Enjoy.
BTW, Hydro-Quebec crews have been sent to States to help you out, as the Americans did during the 1998 great Ice Storm in Eastern Canada.