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

To: David R. Evans who wrote (7518)	1/4/1998 3:05:00 PM
From: freelyhovering	Read Replies (1) \| Respond to of 12039

Dave--I am holding JBIL. It recently dropped below its 200 day MA and rebounded. What is the future of such animals? Myron

To: David R. Evans who wrote (7518)	1/4/1998 4:54:00 PM
From: Loren	Read Replies (3) \| Respond to of 12039

David - I agree that a system should not have to work well with all stocks to be usable. If it works very well with a certain type of stocks (e.g., RS>xx, or Value Line Timeliness=1), then use it. My question to you is, did you do anything special to determine that you should be using 80/80's, vs. some other kind of stock? Also, I have a benchmarking question. I apply a DMI/ADX system on weekly data, using Omega Research's SuperCharts. I recently used SC's system optimization routines and Excel to determine the best settings for this system. On the 70 high-growth stocks I looked at, my best system gave the following results: 8.3% average profit/trade 50.5% winning trades 9.7 weeks average trade length 54% rate of return Would you guys consider this to be good, or just so-so? Loren