To: Matt G. who wrote (19443 ) 7/16/1998 2:21:00 AM From: Doug R Respond to of 79283
Matt, You have hit the proverbial tradeoff nail right on the head. My feeling is that I can only run one stock at a time through the 56 Point TA and since at most I can only run 5 or 6 stocks per day through it, why do I need data for 10,000 at once? As I'm sure you are aware (being a seminar attendee), there is no way to automate the 56 Point TA. Through great fortune, another of my seminar grads has developed The Powertool. Milesov will go down in history for that. I have found it quite productive to run his Powertool hits through the blender. The Powertool spits out a very manageable universe of stocks to focus on. Just take a look at the homework assignment. The 3 stocks I assigned to run came out of the Powertool and yielded CMNT as a stock with an attitude. The results obtained by those who had the gumption to accept the assignment (yourself included) were very consistent in awarding CMNT with attitude status. I assign homework after each seminar to make sure that what I have taught is understood by attendees. Replicability of the technique is very important in that respect. In each instance that I have taught the 56 Point TA in a seminar setting, the results have been quite consistent. I used ABTE, AINN and, in LA, TFCE as the prime examples of what to look for when running the blender. Has anyone been following CMNT this week BTW??? I have approached Milesovpowerof with the proposition that he create and run a thread devoted to The Powertool. He's a bit shy I think. Let's all give him our support for such a project and hopefully, using The Powertool and The 56 Point TA together, we can all put up some really nice hotels on Boardwalk and Park Place. The main sticking point of the seminars turned up this week when I alerted many of, what I thought to be, the more attentive students to my take on GTNR. I am really disappointed in my own analysis of GTNR in that I did not even run an IL/ACT analysis on a stock that obviously warranted such. I find that even though attendees of my seminar show terrific enthusiasm, there's still a tendency for most to continue to rely on me rather than take what I teach and apply it on their own. I am trying to develop a network of highly savvy, technically focused individuals, each of whom, have significant technical insight to contribute in order that mistakes will be reduced to as close to 0 as possible. I have not related this concept to the thread or the seminar attendees before and this post will hopefully correct that. I have a lot of fun on SI and at the seminars but this is still very serious business. EOM, Doug R