Thanks to the nice folks that PM'd me info. That's a start on the Rydex Ratio.
Now, I also want the put/call ratio. I've never kept that. I know that the CBOE site provides it on a daily basis but the history is not in Excel format. So, who's the nice person who'll share with me their Excel formated P/C volume data. Come onnnnnnn ----- give it up!! I'll fax you a drink of your choice.
I have the vix data. When I get these 3 going, either in bar or P&F format, I'll post them and we'll see if BigFreakingTrend's got something here.
Now, Headley said "One proprietary measure I have developed, my favorite indicator, consists
of acceleration bands, which allow me to spot stocks that are exhibiting
unusual trends. It's two bands created around a 20-day moving average.
When a stock breaks out of the top band, it suggests it will keep on
accelerating at a faster and faster rate. I also have a re-entry signal that gives
me a chance to get back in. One of the biggest mistakes investors make is
getting out of a good stock because they think it's overpriced but then they
don't have another plan to get back in. Even if they are correct and the stock
retreats, they don't typically think about getting back in and they usually miss
out on a great buying opportunity. The focus has been on the technology
leaders the past two years because that's where the action has been. If we get
a change in the market in which other groups begin to go through acceleration
phases, then we would naturally move toward those areas.
One stock that was great for me was S1 Corp. We had a couple of different
acceleration periods that we really took advantage of in the spring of 1999
and the beginning of 2000. When the acceleration ended, we were out. We
exited at a price of about 110. Now the stock is trading at 18. We like its
prospects for the long term, but we are waiting for the next acceleration phase
before we buy in again. What we really care about is how a stock is doing
relative to our other opportunities."
What about these acceleration bands? What do you think they might consist of Les? Anyone?
Take care,
Eric |
