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Harvey:
My thoughts, exactly. Makes a lot of sense, [pun, intended].
If there is a short specialist in the group who would be willing to post
short picks as jim does longs, it may be helpful to a few. I'd do it myself
but I'm just beginning to look at the short side.
Roland
Roland
At 08:47 PM 8/18/98 -0700, you wrote:
>Jim/
>
>Does it have to be either/or? Since there are always some stocks moving
>up and some moving down, have you considered having both longs and
>shorts, perhaps in accordance with a running average of the
>Advance/Decline ratio?
>
>Harvey Pearce, Victoria, B.C., Canada
>=====================================
>
>
>Jim Greening wrote ...
>
>[SNIP]...
>> I've been thinking about a tweak that uses the short term up
>> trend channel within the intermediate term channel more then I am now.
>> As long as the short term channel is moving up from the bottom of the
>> intermediate term channel to the top, I'd replace positions as they
>> are stopped out. Near the top of the intermediate term channel, I'd
>> slow down on the replacements to one per week. When the short term
>> channel has turned and is plainly down in the upper half of the
>> intermediate term channel, I'd build cash with no replacements. If
>> the short term channel is still heading down, but is near the bottom
>> of the intermediate term channel, I'd start adding new long positions
>> at one per week. After the short term channel has clearly turned back
>> up, I'd add faster and replace as stopped. I'd repeat this cycle as
>> long as the intermediate term up trend channel holds. When it is
>> broken to the downside, I'd reverse to a mirror image strategy with
>> short positions.
>> I been thinking seriously about this strategy and intend to
>> implement it with the short term channel clearly turns up or breaks
>> through the bottom of the intermediate term channel. Of course I'll
>> continue my current strategy of never risking more then 2% of my
>> portfolio on any position (usually much less) and always using mental
>> stops.
>>
>> Jim
>======================================================
>
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