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[amibroker] Re: Technical Vs technofundamental trading



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?! Those are the only ones that have any potential at all for telling 
where price is going.

--- In amibroker@xxxxxxxxxxxxxxx, "Pal Anand" <palsanand@xxxx> wrote:
> 
> 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
> > >  
> > >  YAHOO! GROUPS SPONSOR
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> Service.
> > -------Original Message-------





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