To: dr. z who wrote (1809 ) 1/30/1999 1:10:00 PM From: William W. Dwyer, Jr. Read Replies (2) | Respond to of 3216
AIQ's Trading Expert Pro (version 5.0) is a product (software) from a company called AIQ Systems Inc in Incline Village, near Lake Tahoe, Nevada. The software uses fundamental analysis and, particularly, technical analysis to time the market, determine best performing area of the market (large caps, small caps, Nasdaq, etc), to select the best sectors and industry groups and, finally, to select stocks in those groups. The program uses a very slick artificial intelligence engine to examine the market daily and give general buy and sell signals, for the markets in general, and for each stock in particular. It's used for timing entry and exit in stocks. I use it daily to give me a complete view of the entire market and each sector and group. It runs tons of interesting and useful reports, maintains your portfolio records, watches stop losses, and can also create and test various trading systems. Many systems are built-in and ready to use. In summary, AIQ does a lot. Latest version offers real-time intraday charts and allows one to use some very excellent indicators with these charts, the best I have ever seen. Many traders use AIQ to develop their own trading systems (strategies and ideas). Others follow various models, particular David Vomund's Mechanical Trading Portfolio. Their monthly newsletter is excellent, and David Vomund sells his weekly newsletter with mid week updates, all via email. I have used the software for about 1 1/2 years and like it a lot. They have excellent training seminars twice each year (Lake Tahoe, Vegas, other nice cities). They go a long way toward teaching you how to use the software, even offering a series of videotapes if you can't attend the seminars. Although I tried using my own strategies this past year and did very well in the past four months in particular, I wish I had simply followed Vomund's portfolio. Each time the market gives a "buy" signal, he selects five stocks from each of two good reports in the software, buys these stocks and holds until the next sell signal. It's easy and it's automatic. I watched it happen last year, and could have made 76% by doing nothing more than following his advice. There were probably four major holding periods last year (1998), and his portfolio was up an astounding 76.78% for the year, better than I have done on my own. However, during the past month or so my portfolio, using AIQ, was up approximately 20%. So, I am encouraged. To answer your original question, I would say it has been very effective. Compare David's 76.78% return with a 26.7% return for buying and holding the S&P 500 last year. If you're interested in more info, AIQ has a website located at aiq.com where you can see what it's all about. They also have a thread here on S.I. Bill