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Lenny,
<<? By the way, love to see how great Oscillators work in a TRENDING market,
you know sell when it crosses 80 while the stock is trending up, yikes!!>>
Nothing beats the old moving average approach when you have a trending
market. Unfortunately we never get enough of these types of markets to
consistently make a buck or two. I guess that's why all of us spend so much
time developing other methodologies. :)
Personally, one of our worst years in recent memories was that trending
market a few years ago. We spent unbeliveable amounts of time trying to
figure out how to trade it, and after all of that work, managed to
break-even for the year. Everybody else made the big bucks.
Guy
Never be afraid to try something new. Remember, amateurs built the ark,
professionals built the Titanic.
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of ROSOW@xxxxxxx
Sent: Wednesday, August 09, 2000 8:00 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Bollinger Bands & Formula Monkeys
Doug,
First of all I witnessed Brooke make those trades using Bollinger Bands
in real time. It pays, in more ways then one, to be open minded before
making
carte blanche statements such as the ones you have made. And second, you
need to take a look at yourself in the mirror because it seems you've become
a "Formula Monkey" yourself! And I quote "Draw some support/resistance
levels, a few trendlines, and an oscillator (i.e. stochastic) for
overbought/oversold." What the heck do you think stochastics are derived
from? Thin air? By the way, love to see how great Oscillators work in a
TRENDING market, you know sell when it crosses 80 while the stock is
trending
up, yikes!! - Lenny
In a message dated 08/09/2000 6:38:42 AM Pacific Daylight Time,
brookelise@xxxxxxxxxxxxxx writes:
<< I made a few bucks trading some tech stocks off the lower B band last
week
and this week, Doug (for example AMD, AMAT and CSCO). And what's more, the
trades were based on a system that makes consistent profits. The signals
were plain as day.
-- A Formula Monkey
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