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Strategies & Market Trends : The Rational Analyst
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To: ftth who wrote (1608)7/25/1999 1:23:00 AM
From: HeyRainier  Read Replies (1) of 1720
 
Dave, I think I may have built Marty Schwartz's so-called "Magic T Oscillator." It's based on the premise that markets move an equivalent number of up days and down days (though the magnitude of upward moves may on balance be higher, over the long term). It seems to work better when combined with my AB Channel indicator. For samplers, it looks like PeopleSoft hit a short term bottom. Double indications show the 7/22/99 close at $13.375 was a potential entry point. The stock closed up to $14 1/16 on Friday.

Just some interesting stuff--mostly intended for short-term based trades, however. But the artwork behind it is that it is able to quantify the Blackjack concept of card counting, but applied for stocks.

--Rainier

PS. The downside is that it remains imperfect. I am still working on optimizing it and seeing if it would work better with other combinations of indicators.
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