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Al,
Thanks. My e-mail is webb.bob@xxxxxxxx
Bob.
At 10:21 AM 06/02/01 -0600, you wrote:
>Bob>Could you post a picture of a chart
> (say of AMD) showing how you have set up the indicators?
>
>Would be glad to post except for two reasons:
>1) Not so sure I know how to send a chart via e-mail. I Can try HyperSnap.
>2) There has been so very much discussion and complaints about sending
>charts as attachments that I prefer not to inflame this List. (I went
>through
>that period when this List was afire with flames, and caused many of us to
>refrain from any information sharing.) If you would send your e-mail
>address
>I will attempt to use HyperSnap and send a chart directly to you.
>
>You may also want to begin observations of WMT and IGT (NYSE) and watch
>the indicators we have been discussing. IGT is making new highs with a
>rising
>Slope line and a very low r-square factor. Insider action or exhaustion
>move?
>
>Al Taglavore
>
>----------
> > From: Bob Webb <Webb.Bob@xxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Trendiness or Congestion measurement - r-squared
>+Linearregression Slope
> > Date: Tuesday, February 06, 2001 8:05 AM
> >
> > Al,
> >
> > Thanks very much for your explanation. Could you post a picture of a
>chart
> > (say of AMD) showing how you have set up the indicators? (These are brand
>
> > new ones to me).
> >
> > Thanks.
> >
> > Bob.
> >
> >
> > At 02:48 PM 05/02/01 -0600, you wrote:
> >
> > >B>(1) What do you mean by a "13 period slope"? A moving average? Or
> > >something
> > > > else
> > >
> > >13 Period Linear Regression Slope (listed in MS indicator list)
> > >
> > >B> (2) I trade primarily Cdn stocks. What exchange is DD? I'd like to
> > >download
> > > > it and see what you're talking about.
> > >
> > >NYSE. DD is the symbol for Dupont Corp.
> > >
> > >B> (3) Could you give an example of this trading technique with going
>long?
> > >
> > >See AMD (NYSE) with the slope rising 1-2, and the first close above the
> > >high of 1-4 occuring on 1-11 (my entry was on the close). My exit was
>2-1
> > >when the new high was made and the stock traded below the high of the
> > >previous period.
> > >
> > >I am looking for a re-entry on this stock if the high of 1-18 (22.68) is
> > >tested but not violated AND slope begins to rise from this level.
>(Touched
> > >22.96 at 13:45 EST and has risen to 24.02 today, but I was not at my
> > >screen. Perhaps EOD chart will give a signal within the next day or
>two.
> > >Perhaps not).
> > >
> > >Al Taglavore
> > >
> > >----------
> > > > From: Bob Webb <Webb.Bob@xxxxxxxx>
> > > > To: metastock@xxxxxxxxxxxxx
> > > > Subject: Re: Trendiness or Congestion measurement - r-squared +
> > >Linearregression Slope
> > > > Date: Monday, February 05, 2001 12:49 PM
> > > >
> > > > Al,
> > > > (1) What do you mean by a "13 period slope"? A moving average? Or
> > >something
> > > > else?
> > > >
> > > > (2) I trade primarily Cdn stocks. What exchange is DD? I'd like to
> > >download
> > > > it and see what you're talking about.
> > > >
> > > > (3) Could you give an example of this trading technique with going
>long?
> > > >
> > > > Thanks.
> > > >
> > > > Bob.
> > > >
> > > >
> > > > At 09:56 AM 05/02/01 -0600, you wrote:
> > > > >Yes, I think of Slope as the direction. The value indicates the
>degree
> > >of
> > > > >advance/decline. R-squared is a measurement or "presence of trend",
>as
> > >I
> > > > >use it. I just completed a trade on DD that could paint a picture
>to
> > >aid
> > > > >in interpretation. If you will pull up the chart DD, open a 23
>period
> > > > >r-squared indicator
> > > > >(I use the oscillator style of display), then overlay a 13 period
>slope
> > > > >(line display), observe the period around 12/29. You will see how
>the
> > > > >slope began the decline while "r" was still at a high value. When
>"r"
> > > > >began to weaken, with Slope still in a downward movement, the first
> > >close
> > > > >below the lowest low of that period (1-3) made a low risk entry for
>a
> > >short
> > > > >sale. When Slope turned up for two consecutive days (1-24) and "r"
>was
> > > > >above 80, this was, for me, time to cover the short.
> > > > >
> > > > >I am also using a 23 period slope to observe the 13/23 crossing, but
>I
> > >have
> > > > >not seen any significant benefit. Actually, I think this confuses
>the
> > > > >picture.
> > > > >
> > > > >As to your comment that Slope moves all over the place, that would
> > >suggest
> > > > >to me that there is very high volatility in that stock,or a
>tradable
> > >trend
> > > > >is not in place. Please send me a stock symbol so that I may plot
>what
> > >you
> > > > >are seeing. I am watching TXN, but the Slope signals have been
>late.
> > >But
> > > > >here again, there is no trend, as I see it. Rather, it is in a
>trading
> > > > >range. Again, this is simply way that I use the two indicators.
> > > > >
> > > > >Al Taglavore
> > > > >
> > > > >----------
> > > > > > From: Sean Taylor <sean.taylor@xxxxxxxx>
> > > > > > To: metastock@xxxxxxxxxxxxx
> > > > > > Subject: Re: Trendiness or Congestion measurement - r-squared +
> > >Linear
> > > > >regression Slope
> > > > > > Date: Sunday, February 04, 2001 11:24 PM
> > > > > >
> > > > > > Al,
> > > > > > I've been trying to combine r-squared with Linear Regression
>Slope.
> > >Not
> > > > > > always easy determining how to interpret them.
> > > > > > I know r-squared values below a certain amount mean there is no
> > > > >statistical
> > > > > > significance. But with larger numbers, the Slope value can still
>move
> > >all
> > > > > > over the place. Is it more the direction of the slope rather
>than
> > >the
> > > > >value
> > > > > > itself?
> > > > > > It's probably just trial and error.
> > > > > > Thanks,
> > > > > > Sean
> > > > > >
> > > > > > ----- Original Message -----
> > > > > > From: "Al Taglavore" <altag@xxxxxxxxxx>
> > > > > > To: <metastock@xxxxxxxxxxxxx>
> > > > > > Sent: Friday, February 02, 2001 11:02 AM
> > > > > > Subject: Re: Trendiness or Congestion measurement
> > > > > >
> > > > > >
> > > > > > > Consider using 'r-squared' with regression slope; "r"
>indicating
> > >the
> > > > > > > strength of the trend, sans noise, and the slope to indicate
>the
> > > > >direction
> > > > > > > of the trend.
> > > > > > >
> > > > > > > Al Taglavore
> > > > > > >
> > > > > > > ----------
> > > > > > > > From: Sean Taylor <sean.taylor@xxxxxxxx>
> > > > > > > > To: Metastock List <metastock@xxxxxxxxxxxxx>
> > > > > > > > Subject: Trendiness or Congestion measurement
> > > > > > > > Date: Friday, February 02, 2001 9:09 AM
> > > > > > > >
> > > > > > > > I've recently re-discovered the quality of the User manual.
>The
> > > > > > > > interpretations of various indicators offer useful advise.
> > > > > > > > Take the Stochastic. I'm looking to use Overbought/Oversold
> > > > >indicators.
> > > > > > > > The manual recommends that these work best in non-trending
> > >markets
> > > > >and
> > > > > > > that
> > > > > > > > 'r-squared', CMO and VHF might be used to determine this.
> > > > > > > > I tried r-squared (RSquared(C, 14) <0.27) which improved the
> > >system
> > > > > > > results
> > > > > > > > significantly. But it does seem to traverse extremes very
> > >readily
> > > > >and
> > > > > > > give
> > > > > > > > false signals.
> > > > > > > >
> > > > > > > > Are there some favorites out there for indicating congestion
>or
> > > > > > > trendiness
> > > > > > > > and their strength ?
> > > > > > > >
> > > > > > > > Thanks,
> > > > > > > > Sean
> > > > > > >
> > > >
> > > >
> > > > ==============+==============
> > > > Robert L. Webb
> > > > Webb.Bob@xxxxxxxx
> > > > ===============+=============
> >
> >
> > ==============+==============
> > Robert L. Webb
> > Webb.Bob@xxxxxxxx
> > ===============+=============
==============+==============
Robert L. Webb
Webb.Bob@xxxxxxxx
===============+=============
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