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[Metastockusers] Re: Sector trading



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Thanks.
I've developed my own system tester with the Metastock dev kit, so  
I'm going to stick with that and just add any special things I need.


--- In Metastockusers@xxxxxxxxxxxxxxx, JayTownsend@xxxx wrote:
> Hi Sean:
> 
> These are almost exactly the things that I saw taught in a recent 
TC2000 
> seminar.  They did all their analysis on-line (56K dial-up) during 
the 
> presentation, and were able analyze sectors many different ways, in 
just a 
> few minutes.  Other techniques were taught too.  I don't yet trade 
stocks, 
> but from my perspective TC2000 and CNBC provide far superior 
analysis for 
> stocks than are built into MetaStock.
> 
> Just my opinion.
> 
> Jay
> 
> In a message dated 3/12/2003 12:38:17 PM Pacific Standard Time, 
> staylor@xxxx writes:
> 
> > Hi,
> > 
> > I'm thinking of testing a system trading sector ETF's.
> > 
> > Basically,
> > in a up trending market, go long the 'Strongest' sector ETF.
> > in a down trending market, go short the 'Weakest' sector ETF.
> > 
> > That's the principle, but I've got a few questions.
> > 
> > 1.  Which series?
> > There seems to be a too many sector ETF's out there.
> > iShares Dow Jones i.e. IDU
> > SPDR's i.e. XLU
> > HOLDRS i.e. UTH
> > 
> > Which to choose?  Some of the SPDR's appear to have more volume 
but 
> > they don't cover all the S&P GICS industry sectors (can't find 
> > telecoms).
> > 
> > 2. What would you use to define the 'Strongest' sector 
(and 'Weakest' 
> > sector)?  strength relative to DIA or SPY?  What is strength?
> > 
> > Thanks for your thoughts,
> > Sean


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