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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Joe W. who wrote (2280)7/31/1997 7:52:00 PM
From: TechTrader42   of 3325
 
Could you post it if you translate it to Metastock using "LinRegSlope"? I'd be interested in seeing the result.

Interestingly enough, the system indicated that T was a buy on 7/28, and today the Worden Report that comes with TC2000 indicated that it might be time to buy it again. One reservation they had was that BOP wasn't strong. Dave Evans mentioned in NJ that he looks at BOP, but of course it's proprietary, so I couldn't include it in the system. BOP is designed to show whether the "smart money" is accumulating the stock. Wasn't that the name of a movie: "What About BOP?"

Another Dow stock that DNNS signaled as a buy this week was XON, on the 28th. I don't know if these signals mean anything at all. Like DNS, the system works best with breakout stocks, not these Dow-agers, as Richard repeatedly points out. After all the system tests I've done, his point is finally beginning to sink in. You can see how well DNNS or DNS (or BNS, for that matter) work with stocks such as ATMS or AMES.

Brooke
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