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

To: Bob Jagow who wrote (8767)	2/25/1999 3:48:00 AM
From: Doug R	Read Replies (1) \| Respond to of 11149

Ok Bob, Thanks. There's a bit more to it than a 2 or 3 month lookback. The price only begins to be affected by the signal after 4 to 8 weeks. The entire move afterward normally lasts anywhere from 4 to 8 months (with the typical ups and downs along the way of course). A backtest would require finding the CCI spike on a stock that, at the time, is about 65% or more below its all time high. THEN look 4 to 8 weeks later for an initial gain of, say, 8% in a 2 week or less period on increasing avg. weekly volume. That 8% would NOT be measured from the high on the CCI spike day but measured as of the 2 week or less period that begins 4 to 8 weeks after the spike. From there, it would be 4 to 8 months to the top. The backtest would have to get CCI spikes up to 10 months ago and filter in the ones with an initial move on volume increase. The list from the 3 month backtest will come in very useful from here though. I'll have to give each a good look for any that are just now starting the intermediate term move. Thanks, Doug R