Pulse of the Market Report
We have received a wonderful response to our free trial offer to the new online Pulse of the Market report. Thank sot everyone for their support.
We are using the trial for several purposes. The first is to offer basically the same service that Craig Schroeder offered in his daily e-mailed Pulse report.
One big difference is that Craig prepared his manually, by writing down market data every 5 minutes from several different sources and at the end of the day compiling the report and e-mailing it to his subscribers. I have no idea how he did it and how he remained his calm and helpful self.
It was getting a bit much for Craig and he was very interested when I asked him about the possibility of creating online software that would produce the same results. Unfortunately, his cancer prevented him from completing the project with me and he has been sorely missed in more ways than one.
Our first week out of the box has had some ups and downs. We had to design a better date entry system when we discovered that data entered on an incorrect format caused the programs to slight malfunction. We corrected that issue with drop down boxes for the month, day and year. We also had to make a java script fix so everything worked in the Firefox browser.
In order to create the Wyckoff Wave, the Optimism-Pessimism index, the Force Index, the Technometer and the intra-day figures, we need to analyze every stock and index, every 5 minutes of every market day. While our data feed service is well known and very reliable, on the first public report a 5 minute period was missed and some of the data was incorrect. It just had to happen on our first report. We manually updated the data base and have developed a system to resolve any future lost data. We are still testing the logic and it should be operational in a day or two.
However, despite these issues, the logic is working perfectly and we are pleased with the report. If you are not a subscriber and would like to sign up for our free trail, just go to our sign in page, complete the simple form and we will e-mail you the access information.
If you have any comments and/or suggestions about how we can make the Pulse of the Market report better, you discover a problem that needs our attention, please post a comment here or send me an e-mail.
As we make updates and improvements we will post that information here, so check back often.
Tagged with: Pulse of the Market Updates
Filed under: Online Charting Service
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While working with the May 14 Pulse of the Market S&P intraday wave table, I noticed that the volume for wave 13 is negative. I believe this resulted in incorrect OP values for the remainder of the day. Am I correct in assuming the OP value on wave one for the May 17 S&P intraday wave table is correct?
You are correct. There was an error in the S&P report.
Our data feed provider did not send us data at the time we use to extract the volume for the S&P portion of the report. This caused an error.
We have corrected the error and updated all the reports to reflect the changes.
As we introduce the online report, we are coming across issues like this and we sincerely appreciate you and other subscribers binging them to our attention. I am most happy to report that this was a data feed issue and not a programming problem.
We have also adjusted to program to identify and correct missing data in the future. While I am confident this type of error can not happen again, over the past 18 months spent in developing this system, I have learned to never say never.
Again, thank you for bringing this to my attention and for your support.