Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (32990)	11/3/1998 8:22:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 94695

I received several request for posting my previous list daily. If the other participant on this tread do ot mind my posting I will continue. In general I am running a "selection" software which calculates various TA information and prints out the stock that meets the programed values of an TA indicator based on my criteria. I wrote part of the software about 8 or 9 years ago, wen TA was still relative new, and I was learning and thinking that I found the "money machine". At that time a 386 computer was considered a powerful computer <gggg> I run several list which also selects stocks who establish trading ranges tops or bases and indications of OBV etc. and then plot the graphs. I run this software around 1992, wen I worked in a trading room and many traders were taken tips from my list and several made real money. But I also remember very clearly about one trader that gained so much confidence in those list that he took a huge position on FNM, and the stock moved against him. He lost substantial money, a day later the whole thing reversed, and he would not lost at least. As to this list the most important is to remember that it is a computer generated list and not real world. Still the data must be interpreted and USE YOUR OWN JUDGEMENT. The best selection is the first list which is a combinatin of moving averages Stochastic and the rate of change of the RSI. Try to confirm the results from the first list to the results of the second list which takes into account also volumes. Multiple confirmatin usually work. Then look at the stock chart, company news etc. make your homework. It usually works best for buying or selling stocks (not for shorts)and some times it takes 2 to 3 days to materialize. Recent signals that I shared with people on this tread or I remember were buys on LU at 63, IRF at 5, VSH at 10.5 and others. Now I also know of many trading rooms mostly in big brokerage houses who run similar scan and then move against the indicators, mostly wen "retail" swarms on one side in the stock or option and make money in the process of busting the trade. Warning !! the system fails for momentum stocks!! Still after all those year I still do not trust my system and was proven wrong many times,but on the other hand wen I went blindly forward and relied only on this system I lost money. So be open minded and flexible. For example the result of today elections can bust the whole selction. Haim

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