Rolling Index Redux

When I started this blog I wanted an index that reflected temporary movements in the market. I unfortunately didnt have time to update the index on a weekly basis; additionally, it was based on arbitrary methods that proved mind boggling over the course of time so this weekend I hope to have an index that proves to be more efficient and profitable as well.

My working theory is exactly what my previous blog mentions: hard work and patience. The hard work is all the experience I have so far gleamed from the market and the patience necessary for my observations to turn fruitful.

Now Joe Granville may have other reasons, but he does seem achronistic, sticking to his OBV theory, while the world has adopted wild, outlandish, and mathematically complex alternatives to his theory, but he sticks with what has worked and proves, as Bernard Baruch mentions in his autobiography, 2+2=4 no matter how you look at it.

I mention this as my index is simple in the idea that it reflects buying interest as well as selling interest. No more no less.