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Strategies & Market Trends : TAOTN- TA on the Net

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To: Joel Brussell who wrote (43)	9/10/1996 7:26:00 PM
From: John Hunt	of 1628

Joel or All After having experimented with most of the indicators in Metastock and a lot of my own custom ones, I decided to apply the KISS principle and have been using the following simple system with good success lately. I look for stocks (ie AMTX, CUBE, WSTL, ZE) that: - Are off their recent highs by at least 20% and preferably more - Have been below their 25 day SIMPLE moving average for 4-6 weeks or more. (It is important to use the simple moving average to minimize whiplash) - Are just crossing from below the average to above it or have crossed it earlier and pulled back to it. - Had declining volume on each recent low during the fall. I sell when the moving average is penetrated decisively on the downside, but am forgiving of minor, single day excursions through the average. Any comments on this approach would be appreciated.

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