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Geez, what a mad rush on this system, eh? Rajesh, you'd better post
your system quick if you are going to get any list member's time to
critique it since it sounds like everyone is going to be writing system
tests and explorations on Al's over the rest of the week. ;-)
Al, thats a pretty tall statement -- lets pin 'ya down on the specs:
0. WE ARE PROPERLY ADMONISHED -- THIS MARKET ONLY
1. MAKES A NEW HIGH -- as in 52 week, right?
2. NEXT DAY'S ACTION -- must CLOSE .25 above previous day's high, right?
You said "exceeds" so that is a little vague. I can't write a function
that says "Al was a little vague on this point..."
You were explicitly clear on the sell, thanks.
----Original Message Follows----
From: "Al Taglavore" <altag@xxxxxxxxxxxx>
To: "MetaStock List Group" <metastock@xxxxxxxxxxxxx>
Subject: Simplicity
Date: Tue, 14 Jul 1998 14:49:10 -0500
Reply-To: metastock@xxxxxxxxxxxxx
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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