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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (26479)	3/8/1999 9:37:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

Well I am currently looking at "pattern smasher" It's a software progam that incorporates a new pattern recognition technology for finding certain popular patterns ( cups and handles, head & shoulders, wedges, reverse head & shoulders or virtually any pattern without INTRICATE FORMULAS and trading systems) instantly on all the stocks. www.kasanjianresearch.com. This is NOT A RECOMMENDATION but a 'look for yourself' as I'm not sold just yet myself. It is my opinion and I have checked this out quite thoroughly that the best traders are the ones with the best stock selection skills and not necessarily the most sophisticated technical analyists.. They can make money with 3 picks or 5 picks and don't need 100 picks like some traders need to watch for a 'hit'. If you don't have a good 'pick' in a pivotal position for a break out, you aren't going to make money no matter what 'formula' you apply to the stock. On the other hand if you have a great pick, a standard technical analysis approach will make you lots of money.. I've lived this theory and I've gone both ways and those I've helped 'adapt' this theory (diehard aggressive traders) have made money as well. I find that for earnings plays 'patterns' are probably the most consistent and reliable tools to make money from. So the thing is about $1,800 and seems more user friendly than tradestation but I'm not completely sold on it just yet. I don't feel there is a substitute for a little hard research and an excellent 'stock scanning' system. So far I haven't needed tradestation but pattern smasher seems to be something I would prefer over tradestation.

To: fedhead who wrote (26479)	3/8/1999 9:38:00 PM
From: WaveSeeker	Read Replies (2) \| Respond to of 120523

Jenna and Anindo, I have been using TradeStation for five years now. Practically all of my trading is mechanical. I have 2 systems that have been back-tested to 1971. These systems run in real-time during the day powered by a Signal data feed. For example, one of my systems is profitable 76% of the time with a profit factor of over 5 (gross profits divided by gross losses). Another system is a momentum system that looks for strongly trending stocks that have pulled back over several days. One system that I've always wanted to test is an earnings calendar-based system. For example, if I can access a database of stocks with earnings releases, then I can combine the earnings dates with technical factors that are readily available with the TradeStation system. I developed a rudimentary test that combined Zacks earnings rank with a volatility factor, and it was amazing to see that fundamental factors were directly correlated to technical price movement. If Market Gems and subscribers are interested, I would be glad to contribute any software (EasyLanguage) code so that subscribers can generate their own alerts within TradeStation in real time. Further, I am able to back-test any strategy, e.g., buy 5 trading days before earnings, etc.