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

To: Richard Estes who wrote (8994)	3/14/1999 6:51:00 PM
From: Nine_USA	Read Replies (2) \| Respond to of 11149

<< All this stuff is beyond me, like my mother often said "What does that have to do with the price of cotton?">> I really don't know what you mean by this. <<Andy's scan returns are in keeping with an attempt to maximize profits.>> Is there anyone here trying to do otherwise? Your returns look like they are there to justify your view of what should be but may not be.>> I don't know what you mean by this. I have no view of what should be. I am looking to see HAS BEEN there and which may better select good investments than what I had been doing. If you are suggesting that the returns I have shown here are not what I actually computed, might have been altered for some purpose, that would be beneath contempt. <<Your overconcern for Cap lessens the results.>> I really don't know what you mean by this. If you refer to market cap, that is one variable among many which I consider and report. I consider and report all the variables I work with. Why wouldn't I, and why shouldn't I? <<When all is said and done, a decision for entry and exit must be made>> I see nothing wrong with evaluating and holding for a pre-fixed period like 3mn, 6mn, or 1yr. And then selling and repeating the process as long as the results have justified that behavior. <<We are not back 6 months or a year ago but now.>> Are you here suggesting the futility of backtesting one's investment rules? Isn't that what all TA involves? <<What determines entry/exit for you. When do we buy? when do we sell?>> See above and prior posts. <<If I had my choice, I would go with andy's list for results.>> Please do. You certainly have the choice. <<I would seek entry/exit based on a system that I trusted not to hurt me with a 10% safety valve.>> Of course, the day after your safety valve stopped you back into cash, and I held, my investment could as easily surge, and your cash remain sterile, or your re-investment could plummet. So what? <<I keep waiting for a funnymental scan that provides an exact entry/exit that shows outstanding results.>> Mine is not a 'funnymental' approach. It is open to using all the variables and a bunch more that I can justify to myself. So you would reject as unpersuasive, a series of scans which select 10 stocks on Jan 1 and when sold at year end, return say 65% per year on the grounds that entry/exits to your satisfaction were lacking? I wonder how many readers here you would pursuade about the soundness of that proposition. <<The measurement of price movement and direction tells all.>> Obviously, just your opinion. <<It reflects your 56 variables and more.>> Absurd, since my variables include price and direction, and others as well which I have found useful in past markets. None of us, you, nor Andy nor myself can do more than explore the past to learn what it may teach. <<I don't like to trade any stock with a float above 50M.>> Then I think you are avoiding richer waters. How many years do you beat the SPX? What percentage of Funds do? <<I look at it as a supply and demand function with more effect on price then the Buffet type of game.>> I don't know what you mean here, but on the little I know about your investment procedures and Warren's, I would quickly choose Warren's.