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I hope
nobody minds if I use this means to see if anyone has a system for shorting
stocks that they would be interested in selling.
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Please
reply privately to: <A
href="">chuck@xxxxxxxx (not by return
email)
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I need
a system that will successfully short stocks when the trend of the
market is up. Specifically, something that will make a modest profit
(3 to 10% per annum), shorting stocks when the short term EMA of the RUT is
greater than a longer term EMA of the RUT. The short-term period
should be something like 3 to 4 days and the long-term period would be something
like 11 or 12 days.
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The
following things need to be considered:
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<FONT face=Arial color=#0000ff
size=2>1. U.S. stocks only, NYSE, AMEX or NASDAQ.
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size=2>2. The closing price must be at least $6 on the day before
entry.
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size=2>3. The 15-day average volume must be at least 300,000
shares.
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size=2>4. The system must work on EOD data.
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size=2>5. The system must show a nominal return every year for at least
six years.
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size=2>6. It may be a bit much to ask, but I would hope that the system
didn't have a losing six-month period.
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size=2>7. The parameters must be the same for all stocks, although they
can adjust to market volatility over time.
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size=2>8. All positions must be liquidated when the market trend reverses
(short-term EMA crosses below the long-term EMA of the RUT).
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size=2>9. Stops of any kind are allowed.
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size=2>10. Commissions of 1% need to be deducted from each
side.
<FONT face=Arial color=#0000ff
size=2>11. Hopefully, the system would signal at least ten and preferably
30 trades at each cross of the EMA.
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I
realise that it will be difficult for someone to show me their system without
divulging how it works until we discuss the terms. We can start the
process if you are able to show me an equity curve or trade listing or something
to demonstrate your system's abilities.
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I've
thought long and hard as to whether or not my request via this group might
offend anyone and I could not think of a reason why it should. If I
have crossed the line, I apologise in advance.
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