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I try to avoid any fundamentals that is based upon projections. More
often than not, the analysts are wrong, as another member in another
forum said.
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "duke.jones" <Duke.Jones@xxxx>
wrote:
> 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@xxxx>
> > 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
> >
> > Check AmiBroker web page at:
> > http://www.amibroker.com/
> >
> > Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> >
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> -------Original Message-------
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