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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: TechTrader42 who wrote (2138)7/22/1997 7:19:00 PM
From: Richard Estes   of 3325
 
Just a general comment: Most of the systems presented and posted on boards make up two views, a general good return over most stocks and stock life cycles - these don't get the best return usually but return good profits and keep you out of bad moves. The other works best with a high RS stock and try to catch the bumps of the mountain side, they might have you trying to buy on the left hand side of a mountain. We haven't locked in a way to put RS or EPS into the formulas. An example of system test not being real.

Now another problem is split-adjustment, some say they will only buy a stock over $5 and put in C>5 in test. Well if stock has had a number of splits, you will see a stock showing say $2 but has never traded below 20. But a bunch of splits came into chart. I think WTT has had 5 splits since 93. Just one of those things that you have to think about.

Now Jerry needs to bless one of the formulas that can come from his talk, so we know what he thinks best agreed wiith his view. And remember his system may have certain filters on stocks, maybe high RS and EPS. Even the best systems may not be able to do anything for a dullard. Yet the person submitting it might be only using a stock in a trend. I would hate to see some of our best systems used on a GM or T.

BTW: I missed jerry saying 8 days but what if it was 9 or 7, 12 or 5? would you miss those?
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