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Is someone taking notes....
What with pen and paper running low and my keyboard is now SMOKING....I'm
having trouble keeping up with this one... :)
Must be the heat up here in Toronto... but this is really staring to get
really hot ... and I'm going whirewater canoeing this weekend
Hugh
At 07:38 PM 7/14/1998 EDT, you wrote:
>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
>
>
>
>______________________________________________________
>Get Your Private, Free Email at http://www.hotmail.com
>
>
>
>
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