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

To: Nine_USA who wrote (8996)	3/14/1999 7:36:00 PM
From: gonzongo	Read Replies (1) \| Respond to of 11149

Herb- I have been reading Richard's notes for more than 3 years now. He is a TA'er and does not use fundamental criteria very much and likes low float- high volatility stocks. As far as I know he does very well- supporting his family on trading alone. I personally have no beef with what you are doing. Actually, the problem Richard or others may have is that since you feel it must be proprietary and since it relies on a database maintained by you and derived from QP but not available to others- we have no way of fully understanding what you are doing. I have seen a light from all your research and that is sufficient for me- that is that higher priced issues perform better in certain circumstances than their smaller brethren. This was shown in the revenue study I posted. I understand that once you find your "system", you hope to market it. I wish you great success in this endeavor. FWIW I have found that you can give gold away and it still will not help - folks will still not use it ( myself included). Richard has done extensive studies with high volatility and high float turnover. Results tend to dramatically improve short term trading by filtering the population allowing you to then use tried and true indicators--- based upon up to 6 week time frames. When you extend past 6 weeks- you go to intermediate term trading. Blind entry at this time frame may work with the right fundamental criteria but it can also ignore TA entry and exit points- if you combine both- you should have a stronger system. Your willingness to share you findings is very helpful. I for one was impressed when I found price above $15 in high revenue growth stocks performed better than lower priced stocks. Please be aware that since you are by definition only showing part of the pie- many others with come to partial conclusions which may be erroneous. We cannot help it as we only can feel the tail of the elephant. Hope this helps. Input from the gang is meant to help even when it sounds critical. After all we are all in search of the Holy Cup. andy

To: Nine_USA who wrote (8996)	3/14/1999 7:49:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 11149

I always beat the S&P or I wouldn't do it for a living. My money never stays sterile. We are in the biggest bull of all time. Testing should include as many years as you can muster not just a year or two. As I said, I can not make sense of your tables or varables, I still waiting for bottom line. Do you think that if you buy the long stocks, you should expect a 65% return? Are you saying just buy any thing on the long list and hold it for 6 months before selling? Is that your entry/exit plan? then where does money go? into your next list. The past is important to us. In the 56 vaiables there might be one or two that count for 90% of the correlation to profit, most would have little relationship. Everything I say is my opinion as it should be.