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yes that is correct
You could use a qualifier as when the three (or 5) up days relate to
the previous down move as to whether to take a trade or not.
--- In amibroker@xxxxxxxxxxxxxxx, "Chuck Rademacher"
<chuck_rademacher@x> wrote:
> Thanks, Eugene, for your ideas on a system for shorting.
>
> I just want to make sure I understand what you are saying. Are you
looking
> for higher closes and higher lows for three to five days and,
assuming that
> to be an overbought situation, you are then selling short? Do I
> understand what you are suggesting?
>
> Thanks
> -----Original Message-----
> From: Eugene [mailto:johngalt1234@x...]
> Sent: Wednesday, July 09, 2003 7:47 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Starting point for a short system...short term
>
>
> Three consecutive higher closes and three consecutive higher lows.
> Sometimes this pattern can go for 4 or 5 days... You might want to try
> 5 if the universe of stocks you are scanning is pretty large.
> Some other qualifiers could be added.
> you would short at close on the 5 day in case you are using the 5day
> run pattern.
> I did an analysis on AAPL and found that with the 3 day pattern you
> could expect a 4% return in about 5 trading days about 60% of the
time.
>
>
>
>
>
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