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Thanks for your reply. You have answered me with the general method which is what I
was seeking.
Harley Meyer wrote:
> 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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