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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: TechTrader42 who wrote (2476)	8/13/1997 12:44:00 AM
From: David Russell Coburn II	of 3325

Hello Brooke, This is gonna be short cause I'm tired, I'll try to do a better job of it in the next couple of days. You know me as a longer term person almost an investor, or at least as close as you'll find on our threads. Well, what I found initially and still believe to be true is that from a testing vantage point you won't beat the longer term systems ie:Dahl, DahlTSF, drc_21sma_139tsf, etc.. These systems test well partly because they are longer and keep you from getting whipsawed. The shorter term systems often don't test as well because they get whipsawed terribly when they are used without discretion, LIKE IN A P/L TEST IN WOW. I'm brand new to this so take it with a cup of salt. Some of the shorter term systems are very good when you selectively use them on good stocks that are basing or breakingout. You can get in and out of alot of different stocks very quickly and make alot of money. Be sure to cut your losses. I also have recently liked to take the quick pop and if it stalls for more than a couple of days, I would take my money out. I would then move it to a new one. I've found that it's better to be in a longer base than a shorter one, given both are still in an uptrend. There are lots of stocks out there. I guess my original point was it is not a good comparison to test dahl over 5 years with say SRsi14 over the same 5 years with the same stocks. I'm not sure how to get around this but I truely believe that if you are doing it correctly you can make alot more money short time trading than using dahl even though the tests won't bear it out. If memory serves what Richard said (many many posts back) was that if you couldn't watch the market one of the best systems would be dahl crossing zero. I've got a long way to go before I get to where I can talk about this intelligently. The proof is in the bottom line and since NJ, I've changed and so has my bottom line. Much to the better!!<gg> #1)Have an excellent database of stocks to choose from #2)Cut your losses quickly #3)Protect your profits #4)When in doubt stay out or get out #5)When the indicator says sell SELL #6)Don't get greedy David The only way I would get trapped in a stock now would be if it gapped down 50% on the open. Even then I think I would give it a couple of days to get whatever bounce it might get and then get out.

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