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Sherm
spoke to our group in July, Bud.
<FONT face=Arial color=#0000ff
size=2>
As I
recall he prefers the pared NYSE list [minus preferreds ADRs and closed end
fund?].
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Barron's has it weekly and the daily is posted somewhere on the NYSE
site.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Bob
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style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px">
<FONT face="Times New Roman"
size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Songyun FoxSent: Friday, October 13, 2000 2:47
AMTo: metastock@xxxxxxxxxxxxxSubject: Re: McClellan
Oscillator<FONT
color=#cc0000>Hi.<FONT
face="Arial Narrow Special G1">
Stock Chart.com
is a very good site to visit daily, I think.<FONT
face="Arial Narrow Special G1">
But, I
did have just one problem with it. In the case of the NYSE Mc Clellan
Oscillator, They did not post. The date, not that days value, or last
post for MCO. I thought that was important.<FONT
face="Arial Narrow Special G1">
Because your
want to be comparing it exactly to the NYSE Index, or DJIA for
example.<FONT
color=#cc0000>
So I went to
Wallace Lake (?) and he offered the data I needed to USE the metastock
software formula's to effectively display the data. ALSO, important is
your data source. I use Yahoo, figures.<FONT
face="Arial Narrow Special G1">
So, I just used
whatever was already in the MS software.<FONT
face="Arial Narrow Special G1">
I'am happy to
hear the questions on the MCO though.<FONT
face="Arial Narrow Special G1">
<FONT
color=#cc0000>Bud
"A.J. Maas" wrote:
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 <A
href="http://home.planet.nl/~anthmaas";>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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