If you do this analysis on any other chart service other than
Stockcharts.com your S/R lines you have drawn are quite a bit
different. This is because Stockcharts.com is one of the very few
who manipulate past data down to adjust for dividends and cap gain
distributions every time they are declared. This applies to all
ETFs and stocks on Stockcharts. This is why I only use Stockcharts
for Indices when it comes to long term charts. Never for ETFs or
stocks. Their charts historical data is a moving target !!! Just my
opinion that Stockcharts is useless for longterm ETF analysis
unless you are long term investing and therefore care about total
return.
For instance, the 2007 high for IWM shown on your stockchart is
81.50. Yahoo is 84.90 on the same date. That is 4% stockcharts has
reduced the 2007 high so far. Every time IWM declares
distributions, past data ticks down some more. It is a moving
target! I'd prefer to check S/R on a chart that never moves (except
for splits).
Stockcharts ETF and Stock Historical Data is Manipulated Down
IWM....
Posted by dougmil on 27th of Jun 2011 at 12:21 am
Marketguy,
If you do this analysis on any other chart service other than Stockcharts.com your S/R lines you have drawn are quite a bit different. This is because Stockcharts.com is one of the very few who manipulate past data down to adjust for dividends and cap gain distributions every time they are declared. This applies to all ETFs and stocks on Stockcharts. This is why I only use Stockcharts for Indices when it comes to long term charts. Never for ETFs or stocks. Their charts historical data is a moving target !!! Just my opinion that Stockcharts is useless for longterm ETF analysis unless you are long term investing and therefore care about total return.
For instance, the 2007 high for IWM shown on your stockchart is 81.50. Yahoo is 84.90 on the same date. That is 4% stockcharts has reduced the 2007 high so far. Every time IWM declares distributions, past data ticks down some more. It is a moving target! I'd prefer to check S/R on a chart that never moves (except for splits).
http://support.stockcharts.com/entries/20634-historical-price-data-is-adjusted-for-splits-dividends-and-distributions
Doug