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[amibroker] Re: Technical Vs technofundamental trading



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Of course not, but it is the real key.

--- In amibroker@xxxxxxxxxxxxxxx, "Fred" <ftonetti@xxxx> wrote:
> 
> ?! 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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> > > >  
> > > >  -------------------------
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> > > >  To visit your group on the web, go to:
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> > Service.
> > > -------Original Message-------





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