Hi Marocs, nice to know you're still around. I figured that, except roi was inferior to both AQI and ITF and FFR was in approximately the same price range as ITF and AQI and all of the other criteria. I know I am just nit picking and subjective calls were probably used.
What you are doing Allan is a good idea, but I think ascertaining what criteria provides the best reliability and predictability for future momo is very important. For instance: for momo puppies, I have found anything over .50 has pretty good reliability, and predictability, IF it is also in a breakout, in both price and volume. It might be that anything over 1.00 is even more predictable, I don't know. Also the length of time a stock has been rising. My best plays have been stocks that just rise day after day after day. Most of the great ones did that. IW, EWD, Sierra, COR they all just kept rising. I have bought many momo puppies that I didn't even like just because I got tired of watching them go up - winners win.
A set of criteria along these lines, I believe, will serve well. For instance most of us just have a feel for the momo when it happens and usually have to make real quick decisions. However, I would bet that if certain situations
like the ones above were tested with statistical analysis that we would find some predictability to the .05 level of confidence (<g> had to throw that in from my old stat classes).
Defining the variables/criteria for reliability and predictability for the best odds could be very helpful and is what the good traders know, in a sort of non defined manner; or maybe it is defined and I just don't know it <g>. |
