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Wave,
I should have included the time frame I was ranking over. My ranking is EOD, for trades lasting from a few weeks to a few months - basically swing trading.
The point I was trying to make was that Howard Bandy may be right, but there are still sectors of the market that outperform the broad averages like the S&P - at least over the short term.
Another point that Bandy makes is that very short term trading systems (day trading) seem more resistant to breaking - so all may not be lost. Finally, another curious feature is that an end of the month trade covered in his book is well known but continues to work - witness the last few days of trading ! !
ReefBreak
--- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <fimdot@xxx> wrote:
>
> Happen to be doing well now. How about KOL in 11/08?
> ----- Original Message -----
> From: Ed Hoopes
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: June 02, 2009 12:58 PM
> Subject: [amibroker] Re: Do all trading systems stop working? - Howard Bandy's book
>
>
> I guess that we all need to get better at market timing if we're going to trade SPY.
>
> Out of the 1600 or so ETF-CEF funds there are a few that stand out - all are sector funds that happen to be doing well.
>
> Check out:
> KOL - Coal
> PWND - Wind Energy
> IDX - Indonesia
> PSTL - Steel
>
> ReefBreak
>
>
>
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
> >
> > Yes, last year was the real benchmark for managers/investors/traders ... I hope I learned my lessons ready for the next one. High volatility and correlated screaming bear years are here to stay.... they are the inevitable consequence of momentum trading, which is a self perpetuating system until the music stops and someone is left holding the parcel.
> >
> >
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <fimdot@> wrote:
> > >
> > > I suspect that these funds are not run by black boxes although the managers are working within a defined methodology. In any case, over the last couple of years the picture is a little different relative to the S&P500. In that case, all are in the same ballpark (a little higher/lower over time) except for two underperformers - PSP and STH. So, relative to these funds make life simple buy SPY and close your eyes.
> > >
> > > Bill
> > >
> > >
> > >
> > >
> > > ----- Original Message -----
> > > From: Ed Hoopes
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Sent: June 02, 2009 11:02 AM
> > > Subject: [amibroker] Re: Do all trading systems stop working? - Howard Bandy's book
> > >
> > >
> > > There are publicly traded funds organized around various trading systems. Below are a few for comparison:
> > >
> > > NFO - Insider Info
> > > STH - Stealth
> > > XRO - Sector Rotation
> > > PIQ - Magni Quant
> > > PSP - Private Equity
> > > FVI - ValueLine 100 Stocks
> > > BWV - Covered Calls
> > > CSD - Spin Off Companies
> > > DEF - Defensive Stocks
> > > EZY - Low PE Ratio Stocks
> > >
> > > Now take each one of the above and do a relative performance to the overall market - like VTI Vanguards Total Market ETF - and you can see how well they work.
> > >
> > > NFO, PSP, EZY top the list with a modest out performance using my ranking algorithm. The majority equal the market or underperform.
> > >
> > > For me the most disappointing is FVI only as good as the broad market - so much for $650.00/yr fundamental/technical analysis newsletter. XRO - is the worst.
> > >
> > > ReefBreak
> > >
> >
>
>
>
>
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