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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Liam Kingsmill who wrote (730)4/20/1997 4:07:00 PM
From: Richard Estes   of 3325
 
The volume system like the 10s of systems, I have put on this topic, is to allow the newbies and the older TAers to investigate the results of different systems. I have tried to stay away from setting forth THE SYSTEM, ONE SIZE FITS ALL. I believe that this is an indivdual choice. Everyone including myself will be assisted if they made it a practise of copying and pasteing all systems that show up on this board. Then when you come up with a system you have something to compare it too. Or in development of a system,you don't have to reinvent the wheel. I am amazed at how many speak to results from a system, yet have never set up a system test. a few nights or a weekend and they would have a resource to measure and compare. You have to be aware of those that present a system based on eyeball of last 4 months in 4 stocks. They need something that works with many over time and return a good bottom line. We are usually all over 20, and have had some past sucess in life, there is a tendancy to want to establish one's self overnight in TA. But believe me, you have to work at this and get the cobwebs out. The eye will fool you, 7 out of 10 times. So, I hope the dicussions on systems will wake up the instant experts. And those that say systems don't work, at least will have the capability to objectively measure this.
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