Stock Attack II - A Complete Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chris who started this subject	10/19/2001 5:12:24 PM
From: Henry J Costanzo	Read Replies (2) of 52237

Re Bradley Turns: Noting the importance given to Bradley Turn dates by many on this and other threads, thought I ought to try to bone up on them. I first tried to identify MAJOR turning points ( in the COMPX ) through September this year, and I came up with 5: 1/3 at 2251 low; 1/24 at 2828 high; 4/4 at 1619 low; 5/22 at 2328 high; and 9/21 at 1387 low. ..... I could find only two Bradley turn dates within 2 trading days of those turning ponts: a Geo, on 1/26 -- signalling a down turn; and a Helio, on 4/4 -- signalling an up turn. NO OTHER Bradley turns have come within two days of the major turning points so far this year..........So, 2 hits out of 5.....out of a total of 21 Geo and Helio dates.............not very impressive... I next tried to identify all COMPX turns this year leading to a contrary move lasting more than 3 days -- I found 14 such turning points. I then found: 1. 6 Geo Turns within 2 trading days of actual market turns...This was out of a total of 9 Geo dates through September this year...... 6 out of 9... 67%..........Not a bad record... ........ (interesting that of the 6 "hits", 3 signalled downturns and 3 signalled upturns). 2.Only 4 Helios (out of a total of 12) fell within 2 trading days of actual market turns........4 out of 12 Helio dates....33%..........Not a good record ( interesting here that all of the 4 Helio "hits" signalled upturns) Not really sure what one should conclude from all this, but guess I would tentatively have to say: 1) Bradley Turn Dates are of only marginal usefulness in signalling market turns; 2) Bradley Turn Dates may be more useful in signalling very short-term minor moves than in signalling longer major moves; 3) for some reason, Geos may be more useful than Helios..... (Will have to think more about this but thought I'd go ahead and pass it on FWIW)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next