Tom,
Luckily for me, all I got for trying to swim with Piranha was a royal chewing out from my grandad.
Field question: I am interested to know how others are using PCA. Is anyone using it to choose an entry point into a new stock? Let's say, for example, you are interested in a stock you don't currently own, you do your homework and it looks like a great company with good revenue and earnings growth prospects. You then download current data and run the numbers in PCA to see how it looks. If PCA is showing several consecutive buys, and is still screaming buy!, that might suggest taking a position in the stock. Does anyone have any thoughts about this approach?
For some stocks, which seem to be on a perpetual upward move, there might not be any buys, only sells. In a situation like that, the best that one might hope for is to find an entry point somewhere near the 200-Day MA. Does that make any sense?
For other reasons as well, I was wondering if D1 was planning to add a 200-Day MA to PCA.
Thanks,
Jack |
