karennma
8,057 posts
msg #86059
- Ignore karennma |
1/12/2010 7:10:37 PM
Wow!
That's awsome, Kev!
Thanks!
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karennma
8,057 posts
msg #86060
- Ignore karennma |
1/12/2010 7:15:16 PM
Hey dm1518:
I just ran your filter and it doesn't work.
It says "debug".
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chetron
2,817 posts
msg #86065
- Ignore chetron
modified |
1/12/2010 7:27:36 PM
maybe...
when you use a decimal value for math, always lead off with a 0 before the .
hth
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karennma
8,057 posts
msg #86066
- Ignore karennma |
1/12/2010 7:33:17 PM
Geesh!
Thanks, Chetron.
But, I'm missing something ...
Why do you have to offset it by 22 days.
Offset 1,2,3, 17 etc ... doesn't work.
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chetron
2,817 posts
msg #86067
- Ignore chetron |
1/12/2010 7:35:34 PM
that was the 1st place i noticed a result, just wanted to give you something to look at right off the bat.
= D
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karennma
8,057 posts
msg #86068
- Ignore karennma
modified |
1/12/2010 7:43:23 PM
Oh!
got it .. THIS filter is for "bottoms" ONLY!
:>)
duuuhhhhh!!
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chetron
2,817 posts
msg #86069
- Ignore chetron |
1/12/2010 7:48:53 PM
tops?????????
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karennma
8,057 posts
msg #86070
- Ignore karennma |
1/12/2010 7:51:28 PM
OMG!!
THAT IS UNREAL!!
Thanks!!
:>)
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dm1518
15 posts
msg #87778
- Ignore dm1518
modified |
2/3/2010 8:30:10 PM
Oh wow -- didn't realize anyone used the screen, much less even read my followup post.
I'm quite a beginner at this, but learning lots. It's keeping me up late on WAY too many nights, reading all the posts written by you pro's...
I've found that it (the screen's picks) precedes the bottom by a few days, so you might choose to buy 'Red to Green' (muddy/13th). Of course, at true bottoms, I'm finding many people are buying 'Red to Green', so you get spikes in the morning, and the indexes close down - thereby eliminating the benefit of 'Red to Green' around those true bottoms. The same thing happened , if you recall, back around March 3rd - March 6th. On a variation of this screen, you'll notice that it said 'buy' around the 3rd of March... then, every morning from the 3rd, 4th, and 5th, the market closed down after opening up! Herein... all I'm saying is that finding the real bottom can be tough. But it finds what is CLOSE to the bottom, which is a HUGE benefit.
I read somewhere that when the VIX dips back down towards it's mean (under the plus5% line), that's when the market takes off. As well, you might choose to buy in 'pyramid formation going down' , which has huge benefits. I personally just prefer to buy on all/any intraday dips (under my initial entry price) once weekly. ....
I have also found the screens particularly useful when only including certain sectors. For example, you'll see this post with the oil, energy, gas, sectors... but what about technology and mining, both of which are projected to be of great interest this year... This is also characteristic of the 2nd phase of the bull market - which tends to highlight only certain sectors.
Additionally. The more stringent the screen is, the fewer times PER YEAR it actually appears. One screen only identified 3 prime buying opp's last year (as we all know) - - March, July 8th, and late October(early Nov). So the last question that remains for me is, what to buy in between those periods??? Personally, I suggest buying more of your winners, but cutting your losers (after the market has indeed turned). Do this (buying your winners), until they cross whatever limit you set (using RSI, MA's, Stochastics, etc).
Right now... obviously, the screens suggest that we should have bought last week. In the past year, these strategies have produced EXCELLENT YIELDS. As long as our bull continues, we should be fine for another 7+ weeks.
Lastly, in bear markets, short on the peaks using any variation of the "peaks screen" that chetron posted. In fact, I had actually created that short screen, and it identified many companies to short on Jan 8th. Of course, the companies that were the most optimal shorts were within the same sector --- coincidently, aluminum companies. All I'm saying is, it's considerably more optimal to identify sectors/industries that move, than to try and sort through results from the entire market. ....
I'm preaching to the choir.....
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BarTune1
441 posts
msg #87887
- Ignore BarTune1 |
2/5/2010 11:06:37 PM
For anybody who was watching, we had a perfect BB(9,2) VIX buy signal on the SPY this afternoon at it's lows .....
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