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Ahhhhhh Al, you forgot the "key" to the Holy Grail...
What's the samll database!!!! ..... <grinning>>>>>
And the final secret... after the new high is reached ... how many trades
before the 1/4 is reached and within what timeframe before you commit???
Happy trading
Hugh
At 02:49 PM 7/14/1998 -0500, you wrote:
>To Richard, David, Rajesh, and all. I do believe I have found the Holy
>Grail IN THIS MARKET. I normally trade only the T-Bond and currencies,
>but, because of the last 3-4 weeks of extreme volatilityin the bond and
>currency markets, trading was beyond my risk/reward factor. As such, I
>returned to my small database of stocks. I immediately saw an opportunity.
> My last 12 trades have been very profitable. I will share my discovery.
>If the stock makes a new high, then exceeds the high by 1/4 of a point,
>buy.
>That's it. Simple. Not looking for bottoms or triangles or
>head&shoulders. No oscillators. No indicators. If the stock closes 1/4
>below the previous day's low, close the position.
>
>Remember, guys, I said "in this market". Like Richard implied, a bull
>market makes many of us look good.
>
>Al Taglavore
>
>
>
>
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