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Al,
I am another following your posts with much interest. I believe that there
are many on this list that are very interested, but I do understand about
all the complaining. Unfortunately, I feel that we are missing some great
facets of information exchange. You're like a teacher without a
blackboard....
I would enjoy seeing this as a private mailing if you prefer.
Dave Nadeau
Fort Collins, CO
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Al Taglavore
Sent: Tuesday, February 06, 2001 9:22 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Trendiness or Congestion measurement - r-squared
+Linearregression Slope
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
> ===============+=============
_________________________________________________________
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