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Have to agree with Fred here...by the time the fundamentals turned the stock was in the teens. Here is a little history. http://208.149.108.73/pubfiles/enecollapse.pdf
Duke Jones, CMT
-------Original Message-------
> From: "Fred" <ftonetti@xxxxxxxxxxxxx>
> Subject: [amibroker] Re: Technical Vs technofundamental trading
> Sent: 07 Feb 2005 22:31:13
>
> Price action in Enron was more than enough to tell one where Enron
> was going or at least that one didn't wnat to be long in it way
> before in serious price trouble. The fundamentals lagged in that
> case simply because they weren't being accurately reported but in any
> case fundamentals lag. One can certainly use general market prices
> as an indicator of where the economy is going but it doesn't work the
> other way around.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Pal Anand" wrote:
> >
> > Hi,
> >
> > I agree with what was said in another forum by another member, that
> > if people had followed the proper fundamental criteria (inaddition
> to
> > technical criteria), they wouldn't have bought Enron and many other
> > financial basket cases.
> >
> > rgds, Pal
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Claude Caruana"
> > wrote:
> > > Hi all,
> > >
> > > I am an Amibroker user for a few weeks now and I must say it is
> > about to
> > > turn my trading method 180%.
> > >
> > > I initially purchased Amibroker to be able to generate optimal
> > signals for a
> > > watchlist of around 100 stocks which I have selected for their
> > fundumentals,
> > > however I am finding that my results work much better and more
> > consistently
> > > on the entire stock universe (The 7000 tickers I have loaded in
> my
> > db) than
> > > if I try running it on any watchlists containing less that 200
> > tickers.
> > >
> > > I find that, in general, the most reliable entry signals occur
> very
> > > infrequently, and hence, signals are too few and far apart to
> create
> > > consistent results when the basis is my 100 stock watchlist. If I
> > try to
> > > "loosen the parameters" and get an optimal number of signals for
> my
> > 100
> > > stocks, then the system will not be as reliable as the one
> > with "tighter
> > > parameters" scanning the entire stock universe.
> > >
> > > Before I ditch my fundumental approach (which quite franky has
> yet
> > to give
> > > me positve results!) altogether and start using a technical-only
> > system, I
> > > would be very grateful if anybody could confirm whether my
> > observation about
> > > entry signals is normal, or whether I am missing something.
> > Finally, are
> > > there any of you out there who trade using technicals only?
> > >
> > > thanks for any feedback!
> > >
> > > Claude
>
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