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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Now Shes Blonde who wrote (7786)	2/14/2002 10:53:04 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

Blondie. Couple of things. AFA relative strength goes: SI comparative charts sequentially run for different time periods is a quick and dirty way to identify strong stocks. As you probably know from my old posts, I like leaders vs laggards in my fav sectors. Leading stocks often have superior fundamentals. We have some good FA folks on this thread who often dig out some of the less obvious plus and minus' that flesh out the rest of the story on a stock or sector issue. OTOH have seen value thinking elsewhere that mistakes cheap stocks for values. The result of that can either be sitting on dead money for lengthy periods or the gratuitous safe catching contests that I'm notorious for ridiculing.<g> Same is true with technical work. There are those who know how and what to use in a given situation. You see them only occasionally in the financial media as well as here and there on the web. But there are also others whose work is little more than cut and paste of whatever the most fashionable technique happens to be. The big, smart money soon begins to fade such people once they develop a following Knowing when and how to be a successful contrarian is a whole nother subject. But that's what will tell you when to steer clear of herds that are headed directly for the nearest cliff<g> Don't want to dwell on semantics. But, not sure I'd use the word "automate". Selecting the best vehicles to trade (or even just to park money in temporarily when cap gains ops aren't plentiful) is largely a function of the prior macro work done to decide your asset allocation, then the favored investment category(s) (cash, equities, fixed income, commodities,etc). It's a deductive process that moves on to picking industry groups and the sub-sectors within them that will benefit most from your big picture read. Once you get to that point? IMO, the battle is more than 1/2 won. And it becomes a matter selecting the right combination of screening criteria to kick out some good places to deploy capital with a favorable risk/reward ratio. What throws even the most experienced players, now and then, is the right combination of screening tools can and DOES change with alterations in macro economic & market conditions, sector specific fundamentals, large changes in the capitalization size of your selections & the trading liquidity of those positions as well as many other factors we can't begin to cover even in a series of web posts. My friend, and fellow pro, Paul Shread and I have talked about writing a book once my 2 boys are off to college, in a couple of years. Am quite determined to do it, too. Should be a lot of fun, as I'm going to include lots of humorous stories to elucidate the do's and don'ts of this game. Of course, names and handles will be changed to protect the guilty<lol> If I have time, will dig out one of the inter-market posts I did on SA II within the past week or two. That's a good thread. There's more exploration of different FA and TA tools and techniques than you'll find on most other SI threads. You might want to stick your toe in the water over there with a few posts, if you've not already done so. Gotta run. Lot's to do today. Will try to stop back here later. Cheers, Iso

To: Now Shes Blonde who wrote (7786)	2/14/2002 11:27:54 AM
From: kirby49	Read Replies (1) \| Respond to of 36161

NSB. First, welcome to the thread and although your handle refers to shes, I don't want to make false assumptions. No need to necessarily out your sex here, but may we address you as Blondie? A lot of work there and I'll get to it. How about other TA people out here. Peter, you into lending a helping hand? It'll take a couple of days as there are other things to do as well, like keeping an eye on my portfolio. That's my good eye, the other one I just use to judge figure skating<LOL>. I'm trying to find an automated way of finding which stocks are the movers is a sector or industry. Have you ever played with stockcharts market carpet charts? Regards Bob