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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: David R. Evans who wrote (7440)	1/2/1998 12:14:00 PM
From: Chris	Respond to of 12039

welcome back Dave evans, just to let you know, there is a great article in the Jan 1998 issue of Stocks and Commodities that talks about what beginner traders should learn in step by step summary. 12 page interview starting on page 75... keep up the good work Dave. best wishes, Chris

To: David R. Evans who wrote (7440)	1/2/1998 12:41:00 PM
From: peter n matzke	Read Replies (1) \| Respond to of 12039

Hi David: i may approach systems from a different philosophy, but i believe that being a good system it should work on all stocks, and when you refine the stock list it should increase the results. i start system testing on all stocks, start changing time periods, determine the systems which provide the best results. then retest with a small database(high rs/eps etc). on recent tests broad based tests yielded 70-75% profitable trades, then refining the database to the appropriate type of stocks provides in the range of 80-90% profitable trades. my system tests for shorts or bear markets have not been profitable, after running several hundred scans, i can't seem to find a consistent method of picking stocks which will go down. i don't have Get, but i do have a couple Elliot wave programs. I did take note of the preference for wave 5 versus wave 3,expressed on the Get thread. I had only previously applied wave 3 signals(per ewa recommendations). when i did system testing the wave 5 signals were much more accurate(higher % of profitable trades, fewer signals to look at,etc). the demark short system is about even on all stocks, i'm sure it would generate some profits on weaker stocks(low eps/rs), but i am really hoping to strengthen the system before i do any lengthy testing. the system also seems to work poorly in combination with other indicators since a wave formation is the trigger in the signal,(the demark short uses such a long signal to trigger--time periods of other triggers aren't matching up) befuddled,bewildered,confounded,confused,etc thanks peter