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Strategies & Market Trends : TA-Quotes Plus
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To: Dick Brown who wrote (4948)6/26/1998 4:59:00 PM
From: Richard Estes  Read Replies (2) of 11149
 
like to see your scan formulas on that to reproduce it. A study on the market is hard to perform. It is a complex entity. because a stock was at QRS>90 on a arbitrary day, does not take into account where it was before or after that day or what it was a year later.

Since RS attempts to rank stocks on their Price movement over last 4 qtrs, you would expect they have moved higher than 90% of all stocks. It should be difficult to hold those heights over time as the waves contract and expand.

We get into these scans to filter the population down to something to manage. If it makes sense to someone's mindset then that is part of that individual's toolbox. But it is hard to deny that we are seeking an increase in Price, so measurements of price should take first priority.
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