{"id":478,"date":"2004-11-15T21:17:30","date_gmt":"2004-11-16T02:17:30","guid":{"rendered":"http:\/\/selfinvestors.com\/tradingstocks\/mail-bag\/discussion-of-changes-to-breakout-tracker\/"},"modified":"2004-11-15T21:17:30","modified_gmt":"2004-11-16T02:17:30","slug":"discussion-of-changes-to-breakout-tracker","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/mail-bag\/discussion-of-changes-to-breakout-tracker\/","title":{"rendered":"Discussion of Changes to Breakout Tracker"},"content":{"rendered":"

Question<\/strong>:<\/p>\n

Thank you so much for your long memo regarding the upcoming (and recent) changes. I am glad you have decided to go weekly on the update. I was becoming concerned with the obviously enormous amount of work you had to do each day, wondering how it was humanly possible to keep it up. So, I welcome the change. Besides, there are many places to go to get detailed daily updates.<\/font><\/p>\n

I had not noticed the column change from breakout rank to 50% DMA. I guess that corroborates your view of its relative importance. I welcome the change. I think another value with this new column is the IBD notion that a sell signal flag is raised when the price gets too extended by becoming more than 51% above its 50 dma. It is not easy to get this visual information from Metastock, so you are providing a valuable service on this little-used signal.<\/font><\/p>\n

Your description of the new look and function of Breakout Tracker sounds great. I can hardly wait. When you have the time, I will be very interested in finding out how you will be calculating the new sixty-point ranking system.<\/font><\/p>\n

Finally, one last question. Are the numbers in the Breakout Tracker calculated each day? I’m thinking of the pivot point which sometimes tends to meander a bit.<\/font><\/p>\n

Best of luck on your update. There are many of us who will be thankful.
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My Response<\/strong>:<\/font><\/p>\n

<\/p>\n

You make a good point about the additional use of the 50DMA info – I had forgot to mention that, nice work.  Let me give you a quick rundown of the new ranking system (in fact now that I think about it I will send all members a look at how the rank is determined sooner, rather than later):<\/font><\/div>\n
<\/font> <\/div>\n
TECHNICAL: based on 30 points<\/font><\/div>\n