Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Metastock 6.0 for Window -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (3260)	10/2/1999 5:21:00 PM
From: Michael Quarne	Respond to of 4056

All, <<<<For those that feel the indices reflect the market, in your attempt to predict or measure the indices, you expend alot of effort and time that could be used on your stock, which may not even know a index exist.>>>>>> This is the most powerful statement one who practices TA needs to know, understand and abide by. What have they changed the format codes to? Arctic Mike

To: Richard Estes who wrote (3260)	10/2/1999 5:59:00 PM
From: Michael Olds	Read Replies (1) \| Respond to of 4056

Richard, All points well taken. I am intensely concentrating on one stock here. It's behavior is known by me over a multi-year period under a variety of conditions in the market and within the company. In the case here, the stock is in the RUT and happens to move along with it and the DOW. (again, your point, in general terms, is well taken). I have tested the results of the MA a cross. It produces a remarkably safe, although infrequent buy and sell. I also did a system optimization with a variety of different peramaters. I am not attempting to predict the indicies, only to judge (which I can see with my eye, but want to have built into the equation at least to test) whether or not all three directions are in sync. Many thanks for your thoughts! mo

To: Richard Estes who wrote (3260)	10/3/1999 12:14:00 PM
From: Michael Olds	Respond to of 4056

Richard, In the case here, the stock is in the RUT and happens to move along with it and the DOW. (again, your point, in general terms, is well taken). ========================================= Correlation might be a good means of measuring the relationship. You should expect >.30 or much higher. I would need >.70. ============================================== This sounds like a good idea. Is this something MetaStock can measure, and, if so, how? And, finally, over what period? >>>>>>>>>>>> I have tested the results of the MA a cross. It produces a remarkably safe, although infrequent buy and sell. I also did a system optimization with a variety of different peramaters. ============================================= Were you applying it to the indices or your stock? Did you compare it to other indicators? the eye is often fooled. a simple but effective indicator for trend might be Dahl: Mov(C,50,S) - Ref(Mov(C,50,S),-15) ====================================================================== Applied to the stock. I have dozens of charts set up for this stock, using, as I develop my knowledge, every indicator in the system?and combinations of same. I am not attempting to predict the indicies, only to judge (which I can see with my eye, but want to have built into the equation at least to test) whether or not all three directions are in sync. ====================================================================== I hope someone gives a solution, I think you want 3 prices in same box. Not sure it can be done. >>>>>>>>>>> I am not sure I understand this response. I am looking for a Bullish, or Buy, based on 1. Cross, 2 Rut is up 3. DJIA is up. I.e. A+B+C = Buy Then you want to determine the Bullish, by measuring stock on a MA cross, to increase reliability you want the indices to be moving up for a certain period. The inclusion of the indices is may be appropriate if 1) there is high correlation between them and the stock. 2) If they correlate to each other. 3) if there are positve results obtained in the system test beating other system tests run on the stock. >>>>>>>>>>>>>> Yes. This is what I want. What is hard for me to ?see? is that the averages were above their locations seven days ago when the cross occurred. I didn't mean to say predict, but measure. Prediction is provided by Gann, Fibonacci, and E-waves. Our other tools measure. Remember the equis site has many formulas that you can paste and copy to build a stable of indicators to compare new systems to, using the compare function. >>>>>>>>>>> OK, thanks, mo