Hello Chris!
From all the studies that I have read on the subject, the EMA has little if no difference in the timing of your stock entries and exits. Still, it is what most everyone uses. Now there is the variable MA that I will have to look into. I guess it comes down to what the technician is comfortable with using.
I am still thinking of starting the Tape Reading study here on this thread. I have run into some trouble procuring the support from few others who I think are very good tape readers, but perhaps we just may need to just start the topic and see who it attracts. I am sure with your help, including help from others here, we will be able to make this subject into an interesting and educational experience for those who follow this thread.
Lately I have been busy on my interesting project in video endoscopy. I now have a full video endoscopy setup in my office. Perhaps I should hang my shingle out as a part time endoscopist? Go places where many have not been before, I say! But I think the medical community would frown on this. Or, I will advertise that "I will find your lost rings and other family heirlooms that have been downed by the family pet at an affordable price. All I ask in return, really a paltry sum, is let us say a small percentage of the value of my find". I can call this service "Roto-Poodle". Would I be able to obtain equity financing for this endeavor of mine in the form of an IPO? I wonder what would be a good share price for my initial offering?
Hmm...I must be working too hard. ;)
Anyway, I want to take some time away from this project, perhaps this weekend, to start the discussion on tape reading. I do encourage others who are experienced tape readers to participate. Their contribution will be greatly appreciated.
I do want to say here that the upcoming tape reading study is not designed to be directly utilized in short term trading or to encourage such an approach to the market that does have its significant risks. Short term trading is only for the very experienced. Still, there is application of tape reading to longer term investments. Tape reading is an important tool that is very, very poorly covered by the magazines and books that I have found out there. Also, I do not see any evidence of this topic to be found elsewhere here on SI. This is why I am going to be putting in my best effort to cover this subject. I am expecting this effort will turn into a worthwhile learning experience for all involved, including me.
Bob Graham |
