Version 2 series
by John Sweeney
Whew! $29 for a technical analysis package!? I'll take it! Who wouldn't? TeleChart 2000 by Worden Brothers is another shot in the data supply wars that is attractive to those interested in charting and technical analysis. These days, users are being lured with toll-free access to data and sophisticated graphics presentations, but two questions remain: First, is the data what you need at a competitive price? And second, can the package perform the analysis you need? Here's what I found while trying out TeleChart 2000.
Regarding the first question, about data; Worden Brothers supplies stock quotes from the New York
Stock Exchange (NYSE) , American Stock Exchange (AMEX) and NASDAQ as well as 3000 mutual fund prices. Mainstream traders should have no problem with this Pricewise, Worden supplies the initial
download of a historical database competitively with CsI. Then, once you've sunk money into the history,
TeleChart 2000's daily download is competitive with Dial Data and Dow Jones, assuming data quality is
the same. There is one note of caution about TeleChart 2000's data supply: TC 2000 only carries out data
to two decimal places. For example,10- 1/8 stock becomes 10.13, not 10.125.