four
5,087 posts
msg #87538
- Ignore four
modified |
1/31/2010 10:17:19 PM
hp722c
Something to look at...
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fortyfour
189 posts
msg #87542
- Ignore fortyfour |
1/31/2010 11:08:59 PM
IMHO, probably as good as, or better than any filter......
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trendscanner
265 posts
msg #87553
- Ignore trendscanner |
2/1/2010 8:51:29 AM
It's a good filter. That said, if you use the date offset feature and walk it back one day at a time for 10 or so days, you'll see that many stocks it finds have declined going forward, as has the general market the last 10 days. In that sense, it's like many filters - they often find good candidates for a certain direction but the overall effectiveness of the filter at a given point in time is often a function of how the overall market is behaving.
Turn-around/bottom-catching filters tend to work best when the market is bottoming and turning around, momentum filters tend to work best when the market has momentum, short filters tend to work best when the market is overbought and ready for a pullback.
Easy for me to say, harder to do. If i could master which filter to use on a particular day, I could be rich.
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four
5,087 posts
msg #87666
- Ignore four |
2/2/2010 11:40:48 AM
Thanks for the critique.
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What if... day of trigger
Add .10? to high for an entry next day. Like TRO this looks for momentum in the same direction. Of course, there will always be a stock the has a tall wick or trades "crazy".
Your thought on entering??
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