agee, don't be hard on Jim. He's new to SI. He may also have assumed that no one else was particularly interested in the VV/AIQ combination. I wasn't able to be particularly responsive, but if you are interested this is what I wrote to him
Jim, the word "strategy" is a bit grand for what I do. Basically, the problem I have with high VST stocks in VV is that they often appear to be at the top of a run. VV's chart screen displays such a short time period that you can't tell where the stock is in the longer term trend, or where resistance or support might be, etc. So I use AIQ to give me some perspective (I tend to rely heavily on MACD, Price Phase, Money Flow & P&F & various MAs). But this is not infallible. I've bought 2 stocks at the top of the VST list (ROST early last winter & most recently ABIIB) that looked good in AIQ as well, but blew up a few days after I bought them (in both cases DiLiddo added the stocks to his model portfolio & was out at a loss within the same week at prices higher than VV's stops! He apparently doesn't like any losers sitting around to stink up his display). While I have had some good profits with high VST stocks (recently DHI & RWAY -- two I wouldn't have noticed without VV), my best successes with VV has not been to pick from the top of the list but to use the strategy screens (my approach may not be like yours, as I don't hold anything very long). There, VV has also served me well in identifying profitable shorts.
I don't know your experience with AIQ, but I find it to be pretty fallible as well (I've used AIQ through about 4-5 versions). What I do like about VV & AIQ in combination is that they give me two different perspectives on a stock. Often as not the programs are in disagreement.
If you develop a more systematic strategy for combining VV with AIQ I'd like to hear about it. Good luck, Kip |
