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To: Richard Estes who wrote (4950)	6/26/1998 6:34:00 PM
From: Dick Brown	Respond to of 11149

Agree, where are we in the QRS>90 cycle?..but it is too static for me..I prefer, tho I haven't found the non existent grail, to see QRS getting stronger and stronger or better said in an uptrend.. I don't understand your comments on scan study..was only saying that in a market like we have had only to see 51% higher after 12 months didn't seem too much to brag about..but am in agreement on your comments..

To: Richard Estes who wrote (4950)	6/26/1998 8:12:00 PM
From: gonzongo	Respond to of 11149

Dear Richard- It was you that told me I would not find protein in fundy analysis- I did not believe you. I also agree that stronger companies do better than weaker companies in the long run. Howard brings up some good points although his data is a bit scattered- I couldn't figure out what was what within it. I assume Price to Sales Ratio in a select group gave him 32% gain in calendar 1997. It is very hard to measure based upon a calendar year unless you buy and hold as he does. The market- Dow and Nasdaq went up 22% in 1997- IMO 32% and 22% are not a significant enough variance to make me go bananas. However, I am not sure I can find a 12 month scan which can best those numbers. I tried a simple stochastics scan- and got 24.1% average gain in 1997- also in line with indexes. My guess i s that a dahl scan would also give similar results. And I could not backtest price to sales or revenue per share- because qp2 only provides these values for today- not a prior period. Thus am not sure how howard tested these numbers. the stochastics scan I used was: output="stocross.lst"; float pctgain; pctgain:=((close(-121)/close(-374))-1)*100; set stochastic = 89,34,3; if close(-374)>1 and StochasticPctK(-374) > 15 and stochasticPctK(-374)<30 and stochasticPctK(-374) > stochasticPctK(-379) then println symbol,",",close(-374):6:3,",",close(-121):6:3,",",pctgain:5:3; endif; gonzongo