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Hi Pal --
In my study of equity markets, I see that the length of time and of
steepness of slope of rises is not symmetric with those of drops.
Consequently, a system that is good at entering and exiting one may not be
good at entering and exiting the other. In general, it is more difficult to
design a system that is profitable on short trades. If a person has a
system he or she likes that is long only, works well in both up and down
markets, but does not capture all of the potential profit in each trade, it
will lose money if traded as a stop-and-reverse system.
I've recently made a couple of posts to the Yahoo HolyGrailSM Group
regarding this.
Howard
----- original message follows ----
Date: Wed, 24 Sep 2003 04:24:16 -0000
From: "palsanand" <palsanand@xxxxxxxxx>
Subject: Re: Nasdaq pullback system
Hi,
Is there any reason why you just go long on a pullback and not short
on a rally?
In my opinion, a system should be able to trade both sides of the
market with equal accuracy before I would consider it robust.
<<SNIP>>
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