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

To: Jack Landis who wrote (2979)	2/5/1998 8:39:00 PM
From: Paul Beattie	Respond to of 3325

Hi Jack, Maybe you were asking your questions rhetorically, but they're good questions. 1) When you buy a stock how often does it go up the very next day? Doesn't this depend on your system and timeframe? We all like to look for the perfect entry. If you are trading short term (5 days), you'd prefer not buy and then wait 4 days before seeing a stock move up. Williams A/D can confirm buying interest. If you're trading longer term (say Dahl Trend), do you use a shorter term trigger as well? If you're bottom-feeding, what makes you think you won't be waiting a while? If you're buying strength do you buy during a run up, or during a rest? I think it depends on your style and strategy. Presumably, this style extends to your exit strategy too. Even Weighted Stochastics requires a decision about timeframe. 2)When you look at a list of the stocks you own, how many are up on an average day? Interesting question to explore, because it tells me a lot about my expectations,when I compare it to a guess. This will depend on stocks and the overall market and sector too. Using a quick scan to look at how many IBD YWR stocks go up in a day 140/239 on Feb. 2; 136/239 went up on Feb. 3; Same stocks in late October: 89/239 (51 days ago) , 154/239 (50 days ago). Not really answers. Food for thought, I hope. Cheers, Paul

To: Jack Landis who wrote (2979)	2/7/1998 12:12:00 PM
From: Al Greenleaf	Respond to of 3325

LURKER RESPONDS: WE NEED AN IMMATURITY FILTER! HURT FEELINGS? NOT ENOUGH RECOGNITION? PARANOID? SAW A "REC" THAT WENT DOWN WHERE THE POSTER NEEDS PUNISHMENT? GEEZ - SEE A PSYCHIATRIST!! I HAVE LEARNED MORE ON THIS THREAD THAN ANY OTHER UNTIL RECENTLY, AND NOW WE LOSE DAVE EVANS, RICH ESTES, AND ANDY GABOR DUE TO THESE CHILDISH RANTINGS. THIS IS THE BIGGEST "MARKET" LOSS SINCE '87. GENTLEMEN, I THANK YOU FOR YOUR TIME AND GENEROSITY. I DO NOT BLAME YOU FOR DROPPING OUT OF SUCH EXCHANGES. AS FOR THOSE CONTRIBUTORS WHO ARE LEFT, PLEASE DO NOT ANSWER INFLAMMATORY POST FROM ANYONE. THERE IS STILL A HIGH ROAD OUT THERE SOMEWHERE. LET'S FIND IT. ALAN R. GREENLEAF

To: Jack Landis who wrote (2979)	2/8/1998 8:58:00 PM
From: Loren	Read Replies (2) \| Respond to of 3325

Jack - Interesting questions... I have not done enough data-crunching to determine the answer on my stocks, but plan to. I think it would be a very powerful thing to know what a 'typical' trade looks like. I saw a book the other day in a bookstore called something like "The New Technical Indicators"... One section was on a technique where you modeled, from your actual trades, an average trade with variability limits around it. The graph defined what would be a normal range of trades... kind of like an SPC (statistical process control) chart. Presumably, if a trade went outside of the 'normal range', you would consider exiting it, to escape the possibility of giving some of the profit back through a correction. I will probably buy the book; it also has a great section of 'StocRSI', which is something you don't see in many books. I'll let you know if I pick up something really worth looking at... Loren