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Tom:
In "The New Technical Trader" Chande and Kroll point out that all
price-only based indicators are highly correlated. In other words, with
price-only indicators, more may not be any better than less.
Lionel Issen
-----Original Message-----
From: Tom Strickland <tstrickland@xxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Thursday, February 11, 1999 8:26 PM
Subject: Re: Linear Regression system
>Steve,
>
>I took a look at the CMO and I noticed that it looks very similar to the
>MACD and the Stochastic Momentum Index. All three of these indicators have
>the same general shape as the price curve (see attached plot of July
>Wheat). Any comments?
>
>Also, as I now recall, you were bullish on wheat a few weeks ago. What's
>your view today?
>
>Best wishes!
>
>Tom Strickland
>
>
>
>At 04:48 PM 2/10/99 -0800, you wrote:
>>Barry,
>>
>>How's the linear regression system treating you? I've substituted the
CMO
>>(Chande Movementum Oscillator) for the Forecast Oscillator and by
tweaking
>>the parameter triggers, it's traded cocoa 19 times in the past yeart with
>>18 winners. It triggered a buy signal on the opening this morning and
>>worked like a charm again. Attached is the gif of the signals.
>>
>>Steve Karnish
>>CCT
>>
>>
>>----------
>>> From: Barry Spreen <bspreen@xxxxxxxx>
>>> To: metastock@xxxxxxxxxxxxx
>>> Subject: Re: Linear Regression system
>>> Date: Tuesday, November 03, 1998 4:37 PM
>>>
>>> Jeff,
>>>
>>> Thanks a lot for the off list post, it was just what I needed. I have
>>> been testing it on cocoa and wheat (just because I have been watching
>>> them recently). Looks promising. Over the next few days I will be
>>> filtering them to trade with the trend to see if it markedly improves
>>> the profit ratio. I will post results to the list. Are there any
>>> futures contracts which you think are particularly suited to this
>>> system?
>>>
>>> Best
>>> Barry
>>Attachment Converted: "c:\eudora\attach\cocoa.gif"
>>
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