Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: Ken Adams who wrote (8183)	6/10/2000 9:04:00 PM
From: Triffin	Read Replies (1) of 39683

Ken Adams .. Here's a daily rank by 'weighted alpha' All momos and volatile issues .. www2.barchart.com I follow the same approach to BTTT-MAX as you do .. Couldn't have said it better .. especially the comments on back-testing .. I am perfectly happy with the MAX idea for an aid to better trading. I'm just not sure of the value of backtesting. For my own "backtesting", I like to look at what might have been if I'd acted on the last 2 or 3 signals the chart shows. I don't ever go much farther back than that. Bottom line! I think the idea of scanning for these volatile issues is very worthwhile. After that, I think it's best to eyeball each chart. Throw out the least volatile immediately. Anything that had nice moves last week will probably do so again this week. At least that's an assumption I make. With a big enough stable, you can throw away anything that stops producing for you. A new scan next week will turn up a whole bunch of new candidates. As can be seen on the results of yesterday's scan, many old favorites keep showing up. Jim in CT ..

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