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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Jack Landis who wrote (2979)2/5/1998 8:39:00 PM
From: Paul Beattie   of 3325
 
Hi Jack,
Maybe you were asking your questions rhetorically, but they're good questions.

1) When you buy a stock how often does it go up the very next day?
Doesn't this depend on your system and timeframe? We all like to look for the perfect entry. If you are trading short term (5 days), you'd prefer not buy and then wait 4 days before seeing a stock move up. Williams A/D can confirm buying interest. If you're trading longer term (say Dahl Trend), do you use a shorter term trigger as well? If you're bottom-feeding, what makes you think you won't be waiting a while? If you're buying strength do you buy during a run up, or during a rest? I think it depends on your style and strategy. Presumably, this style extends to your exit strategy too. Even Weighted Stochastics requires a decision about timeframe.

2)When you look at a list of the stocks you own, how many are up on an average day?

Interesting question to explore, because it tells me a lot about my expectations,when I compare it to a guess. This will depend on stocks and the overall market and sector too. Using a quick scan to look at how many IBD YWR stocks go up in a day 140/239 on Feb. 2; 136/239 went up on Feb. 3; Same stocks in late October: 89/239 (51 days ago) , 154/239 (50 days ago).

Not really answers. Food for thought, I hope.

Cheers,
Paul
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