Yes, I understand the difference. In my example a band around the daily price would be way too volatile. A band around a smoothing MA would be better.
And trending, up or down, and sideways stocks aren't helped much by MAs. The MAs are just trendlines for them. Trends are a relative thing, I realize. So, let's say three months or more. Anything much longer than three months being likely to bore a trader type, I reckon. Seems to me a big problem is building a stable of stocks with a kind of rolling cyclical character. That's even harder to do in a Viagric market like this where so many stocks are going up, up, up. Many of the tech stocks, like AMAT, KLAC, etc. would frustrate such a system in this market, I would think.
So, this approach may be suited best to trading range stocks in a trading range market. What you think? And if you agree with me, how do you find those roller coaster stocks?
So, Y2K...sheesh. One small step for mankind, one little pain in the arse for a man. My data downloader, I very recently discovered, is not y2k compliant. I wondered why the program kept logging off right after logging on until I finally set the system clock back to Dec 31, 99 and it worked normally. I await an apologetic email offering me solutions any minute now. |
