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John,
I am not sure what you are asking but I will
assume you are asking about the industry group
rotation. The way the new IRL is set up you can
perform a momentum test for all indices groups.
You can see a report that is similar to a
spreadsheet. Where the columns are your weeks and
the rows are the industry groups. You can then see
which ones are moving up and which are moving down
in the spreadsheet. When building the indices he
would screen stocks out that are less than $5 or
$7. This is all very similar to Ian Woodard IRG -
blah, blah, blah. Sorry can't remember all of
Ian's techniques.
What they did differently was use Chailkins Money
Flow in their screening.
Then they would pick the top 5 or 10 groups that
were moving up with the greatest momentum. They
would then select 19 or 20 stocks from those
industry groups. Then they would put these stocks
in their watch list. The above screening of the
industry groups were done on weekly data and on a
weekly basis.
I don't remember all the details since he is about
10 steps ahead of me in his experience as a stock
picker. And as usual I have my hands full just
trading. However, as I have become more efficient
at my use of time and have gained more experience.
I have begun to explore methodologies for
selecting stocks.
Hopefully this gives you some idea of what they
were doing.
Harley
John Sellers wrote:
>
> Sounds interesting how is it compared by price advance versus average price say
> some index?
>
> Harley Meyer wrote:
>
> > > Many have tried to reproduce the IBD rankings. I have never seen any
> > > successful results. The real power comes in that the stock is ranked against
> > > all other stocks in their database rather than some mythical index. BTW: The
> > > rankings use data from the last 12 months with a weighting towards closest
> > > quarters .
> > The only reason I brought this up was because there are two people in
> > our local metastock users group who have used IRL to actually obtain
> > better results, as far as industry group rotation. They would get the
> > signals several weeks in advance of the same IBD industry group
> > advances.
> >
> > >
> > > "I have learned that keeping track of the market does give me more
> > > information to make decisions on. i.e., hopefully information to bias the
> > > trade in my favor."
> > My point here was more about information not about a particular stock.
> >
> > Harley
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