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Most likely you'll remember good old "McClellan Chip", eg former List-member
Chip Anderson and his site : StockChart.com
http://stockcharts.com/
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Oorspronkelijk bericht -----
Van: "Daniel Martinez"
Aan: <metastock@xxxxxxxxxxxxx>; "Songyun Fox" <songyun@xxxxxxx>
Verzonden: donderdag 12 oktober 2000 19:30
Onderwerp: McClellan Oscillator
> Bud,
> do you use MetaStock to get the McClellan Oscillator or do you get
> your figures from the 'Net? If you get them from the 'Net, please
> send me the URL. I need to compare my figures.
>
> Daniel.
>
>
> Songyun Fox wrote:
>
> > Hi Guy.
> >
> > I think it was a good call on the Nasdaq.
> >
> > Nasdaq Mc Clellan Oscillator got down to -243 10/11. Given
> > Oversold is -200 it is very likely your trades are well
> > positioned for a profit return. I might be early
> > But I think it was a good call.
> >
> > Bud Fox
> >
> > Guy Tann wrote:
> >
> >> Neo,
> >>
> >> I'm not trying to be cryptic, but these are indicators that we
> >> have
> >> developed over the last 40 years or so. Prior experience (take
> >> Williams and
> >> how he made $1mm trading the silver market) shows us that once
> >> these are
> >> made public, they cease to work, either from too many people
> >> trading them or
> >> from bigger traders triggering false signals. My dad is adamant
> >> in keeping
> >> this proprietary.
> >>
> >> What I can tell you is we use strictly the O, H, L, and Close. We
> >> feel that
> >> all information is accounted for in the daily price activity. We
> >> don't use
> >> any of the prepackaged indicators and have written all of our
> >> own. The only
> >> features of MS that we use are moving averages (of our indicators)
> >> and
> >> regular addition, subtraction, multiplication and division. Our
> >> basic
> >> system (SP39) is comprised of 6 different signals, to which we
> >> have applied
> >> weights. Our final SP39 signal is the arithmetic total of these 6
> >> weighted
> >> signals and can vary from between -10 and +10. Our signals are
> >> all
> >> mathematical and we don't do any charting, except occasionally.
> >>
> >> Our signals are probability based. By that I mean, we "know" (if
> >> we really
> >> can ever know anything) that, on average, we will make money on 3
> >> out of
> >> every 4 trades. We have been able to maintain that probability of
> >> success
> >> for over 15 years now. As I've stated publicly on this list, we
> >> would make
> >> a ton of money and then lose it all. This was not a system
> >> problem, but a
> >> problem with the traders (my brother and myself) getting greedy
> >> and
> >> reinvesting too much money and, as we discovered, running a 100%
> >> Risk of
> >> Ruin. We proved that several times over the years. Beginning
> >> last year or
> >> so, we started applying sound (at least we thought they were
> >> sound) money
> >> management techniques and have managed to weather a couple of
> >> major losses
> >> (including our current open trade).
> >>
> >> I've tried to encourage everyone to work on developing his or her
> >> own
> >> trading system as we believe that anything you can buy is not
> >> worth what you
> >> pay for it. We also encourage everyone to paper trade for a while
> >> before
> >> risking real money, and finally we recommend that you start this
> >> development
> >> manually, just so you don't fall into the optimization trap, where
> >> you
> >> develop your system using 100% hindsight.
> >>
> >> Regards,
> >>
> >> Guy
> >
>
>
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