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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Ken Adams who wrote (3044)2/12/1999 6:18:00 PM
From: Dr. Stoxx  Read Replies (2) | Respond to of 39683
 
Ken,

The Candlestick port was set up using as a resource the link I posted earlier today. I took their top 25 "bullish" and 25 "bearish" suggestions (they screen for candlestick reversal patterns), and put those through the usual BTTT indicators. Out came 4 longs and 3 shorts (in the port link you will see the shorts marked by a - in front of the number of shares). For the Short Port, I used Sapphirebay to screen for stocks in a downtrend within a certain price range. These too I put to the BTTT test, and out came 8 markets.

After 1 full day trading the Short Port, and 1/2 day with the Candle-BTTT Port, and figuring on a $20,000 margin account fully invested, I am up over $1,300, or about 6.5%! In truth, I got lucky setting up the shorts yesterday, since I got into several of them at their highs. Today's port was set up at the open mostly.

Same strategy, but more effective pool of stocks to draw from.

Does this help?

TC.