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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Howard R. Hansen who wrote (4944)	6/26/1998 4:34:00 PM
From: Dick Brown	Read Replies (2) \| Respond to of 11149

"Select stocks with a QRS greater than or equal to 90 on December 31, 1996. 51.7 percent of the selected stocks increased in price and they had an average change in price of 14.1 percent in 1997. " I wonder what % of all stocks went up in 1997.. If its over 51.7% then makes you wonder about QRS screening doesn't it??

To: Howard R. Hansen who wrote (4944)	6/26/1998 4:37:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 11149

I think most of us agree that a stock with increasing earnings and has shown Price strength in the past offers a better long term investment than one that has bad earnings growth. But If you suggest that you can use any funnymental measure to time a entry or an exit, sure would like to see that study. Can I buy any stock that has a PSR between 1.25 and 2.20 today and expect 73% of them will increase on an average of 29.1 %? Say your PSR, did it have to have it only on the arbitrary day you buy, or does it have to maintain it or better? What was max drawdowns? What happened to the other 30-40% that lost money? Is the system that you buy on first trading day of year and sell on last? Were there any other filters applied to population? were zack's stocks filtered? Have you ever looked at how stocks whose symbols start with a "Z" perform. I did a quick study years ago, with great results. But that could change depending on where we are in market cycle. This is the Bull of all times. BTW: what was your momentum measure? would like to reproduce the test. We should move this discussion to TA-beginners topic.

To: Howard R. Hansen who wrote (4944)	6/26/1998 8:15:00 PM
From: gonzongo	Read Replies (2) \| Respond to of 11149

Hold on Howard ........ were you able to test price to sales in QP- if so how? Would like to reproduce your results. I am not doubting you- just want to see where the numbers came from. g oops- jjust saw you used another software. Too bad we can't do it here in.

To: Howard R. Hansen who wrote (4944)	6/27/1998 12:17:00 AM
From: ftth	Read Replies (1) \| Respond to of 11149

Hi Howard, don't know if you were aware of this or not, but the price/sales ratio was being calculated incorrectly (yes, it would SEEM simple enough) in Research Marvel until just recently. I told them about it many moons ago, but they didn't fix it until recently. I fixed my copy myself by modifying marvl.cfg with a text editor. For a November 1996 scan you were talking about, the only way the PSR numbers you scanned were correct is if you changed MARVL.CFG yourself to modify the Price/Sales calculation. If the date on your marvl.cfg file is prior to 3/98, and you didn't fix it yourself, the PSR calculation is wrong. Just thought you'd like to know. dh