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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Ken Wolff who wrote (664)3/8/1998 8:40:00 AM
From: J D B  Read Replies (1) of 2120
 
Ken,

Interesting concept! I like your idea of an interactive program for teaching your methods of calling tops/bottoms. I've worked for a number of years for a company that develops true expert systems for risk analysis and believe that your goal is do-able.

In my mind the critical piece is to ensure that the system teaches the "right questions to ask" when confronted with a decision to make: i.e. buy/sell. I believe that you have much of this knowledge already well-defined - this is why I've recently subscribed to your service. The key will be to encapsulate that knowledge into a system that "acts like the expert" - we call this "user cognitive emulation" - to ensure that the sytem not only provides the right answer, but also lets us "see" your thought process in arriving at the answer. There is some very good literature on this topic - I'll be happy to provide references if you need.

By the way, I bought RENT on Fri at 7 1/4 (got in a little late - need to change brokers) and sold out at 7 3/16 - used your methods and didn't chase it down. In your mind would RENT be a good purchase again on Monday to play the effects of the Bus Week article that should be hitting newstands this weekend?

Dave Burgoon
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