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[amibroker] Re: Yes, You Can Time the Market (was Dimitris... QQQ Trendline Support again)



PureBytes Links

Trading Reference Links

Here's another link I find interesting:

http://capmag.com/article.asp?id=2985

Regards,

Pal

--- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <wd78@xxxx> wrote:
> 
> ----- Original Message ----- 
> From: "palsanand" <palsanand@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Monday, October 27, 2003 3:38 PM
> Subject: [amibroker] Re: Yes, You Can Time the Market (was 
Dimitris... QQQ
> Trendline Support again)
> 
> 
> > Thanks for the link to the article.  Long-term Speculation may be
> > easier and more prudent, but for small investors like me, the 
daily
> > problem of market prediction for the next day is a necessity.  I
> > agree with what Ben Stein basically Says, "Yes, You Can Time the
> > Market", but not only for 15 years as he says but for short,
> > intermediate and long-term (with the same risk), though I can't 
say
> > the same thing about intra-day-trading...
> 
> And in their own way, everybody times the market, irrespective of 
the time
> frame of interest.
> 
> >
> > Regards,
> >
> > Pal
> > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" 
<TSOKAKIS@xxxx>
> > wrote:
> > > We, the poor traders, have to solve these humble daily problems,
> > > before the next unsolved appear. Some other people are more than
> > > happy to speculate the next 15 [or 115 for more safe 
positions...]
> > > years. I'm still laughing to tears with the great
> > > http://biz.yahoo.com/ms/031024/98312_1.html
> > > Take a look, as long as it is available...
> > > Dimitris Tsokakis
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> > > > <[when I write "we", I add you to the great holygrail-less 
team
> > > > I belong.>
> > > >
> > > > Dimitris,
> > > >
> > > > I am honored, not to mention eminently qualified to join this
> > team.
> > > I
> > > > think I even have credentials...   :-)
> > > >
> > > > I enjoyed working (past tense) for my bread too. Sometimes it 
was
> > > > hard, but more often it was fun.
> > > >
> > > > Phsst
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
> > > <TSOKAKIS@xxxx>
> > > > wrote:
> > > > > Moving from Japan to Europe, 4h50 before the NY bell, the
> > general
> > > > > outlook is not bearish. The day is still young, we shall 
know
> > > more 3h
> > > > > later. [when I write "we", I add you to the great holygrail-
> > less
> > > team
> > > > > I belong. Some happy traders know everything in advance, I 
do
> > not
> > > > > belong to this [boring] category, I have to work hard for 
the
> > > bread
> > > > > an butter of my family and I like it].
> > > > > Dimitris Tsokakis
> > > > > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
> > > <TSOKAKIS@xxxx>
> > > > > wrote:
> > > > > > Phsst,
> > > > > > Since we know 
[http://www.amibroker.com/library/detail.php?
> > > id=105]
> > > > > > the support line equation
> > > > > > trendlineS = aS * ( x -endt ) + bS;
> > > > > > we may explore with
> > > > > > filter=abs(L-trendlineS)<coeff*L
> > > > > > and see the probable "touch".
> > > > > > Coeff values between 0.01 and 0.02 give an idea.
> > > > > > Here is an example
> > > > > >
> > > > > > per=3;// calibrate
> > > > > > x = Cum(1);
> > > > > > s1=L;
> > > > > > s11=H;
> > > > > > pS = TroughBars( s1, per, 1 ) == 0;
> > > > > > endt= LastValue(ValueWhen( pS, x, 1 ));
> > > > > > startt=LastValue(ValueWhen( pS, x, 2 ));
> > > > > > dtS =endt-startt;
> > > > > > endS = LastValue(ValueWhen( pS, s1, 1 ) );
> > > > > > startS = LastValue( ValueWhen( pS, s1, 2 ));
> > > > > > aS = (endS-startS)/dtS;
> > > > > > bS = endS;
> > > > > > trendlineS = aS * ( x -endt ) + bS;
> > > > > > Coeff=0.01;// calibrate
> > > > > > F=abs(L-trendlineS)<Coeff*L;
> > > > > > AddColumn((abs(L-trendlineS))/L,"Coeff",1.3);
> > > > > > Filter=f;
> > > > > >
> > > > > > Select your Coeff and explore.
> > > > > > As for your second question, do not forget the other
> > > > > interpretation,
> > > > > > a "touch" is ideal for a bearish breakout...
> > > > > > Dimitris Tsokakis
> > > > > > --- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> 
wrote:
> > > > > > > Dimitris,
> > > > > > >
> > > > > > > A few weeks ago we exchanged some trendline dialogs when
> > the
> > > > > QQQ's
> > > > > > had
> > > > > > > hit trendline support.
> > > > > > >
> > > > > > > I made the QQQ trade a day or two late on (10/02), but
> > still
> > > made
> > > > > a
> > > > > > > nice profit.
> > > > > > >
> > > > > > > Well, the Q's are bouncing around the lower support
> > trendline
> > > > > again.
> > > > > > >
> > > > > > > The only way I can figure to play it is to buy 'at 
support'
> > > again.
> > > > > > >
> > > > > > > I now have a collection of 'trendline' indicators (from 
you
> > > and
> > > > > > > others) that I intend to convert into explores that will
> > find
> > > > > these
> > > > > > > opportunities for me. But the 'Pattern Recognization' 
afl
> > did
> > > not
> > > > > > pick
> > > > > > > up on the Q's tonight.
> > > > > > >
> > > > > > > Just wanted to mention this to you to see if you might 
be
> > as
> > > > > curious
> > > > > > > as me about trying to trigger a signal on such a strong
> > > signal.
> > > > > > >
> > > > > > > Phsst
> >
> >
> >
> > Send BUG REPORTS to bugs@xxxx
> > Send SUGGESTIONS to suggest@xxxx
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> >


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