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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (9759)	3/5/1999 7:41:00 PM
From: TA2K	Read Replies (1) \| Respond to of 12039

Richard, That system that I posted a week or so ago that did so well was not constructed as a serious trading system; I was just trying to isolate the four or five times over the past years where a stock has realized its greatest upsurges. For this purpose I thought of using ROC, and optimizing on that. But the results in retrospect have me troubled, for they seem to represent truly substantial potential profit. And its without any forward-looking hocus pocus. The system simply bought when the standard MACD crossed up through its signal line, and sold when ROC reached X percent -- X optimizing out to 13 percent. From a practical standpoint, it would amount to setting a limit sell at 13 percent above where you bought it. So, if the system is legit, one can go to work during the day, and have this extremely profitable system pretty much on auto pilot. My data feed, incidentally, is Telescan -- but it costs $5 more per month than alternatives discussed here, so I may switch over at some point.