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Rakesh,
First, recognizing that this is a Metastock group - I don't want to get too
far off base so I'll just do this one quick response and then drop it. As I
recall, you can get a demo and play with it. That's probably the way to
learn more if you're interested.
I've never really traded just using Mesa - for me it was more educational.
Basically I agree with Jose below. In any case, see the attached example of
Best Buy. In Feb and March last year it went into a cycle mode (light blue
price bars), the phase was well behaved, the Signal to Noise ratio (not
shown) was around 10 dB or better .... etc. Very tradable. Notice the period
going from about 30 bars down to about 15 over this time.
Most of the time for me it's hard to see at the right edge. One thing I do
like is just to watch the instantaneous trend line (notch filters the
dominant cycle and smooths higher frequency components) and Kalman filter
lines over the price bars.
Anyway, it's something you might want to look into.
Best regards,
Jim
----- Original Message -----
From: "rakeshsahgal" <rakeshsahgal@xxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Sunday, May 01, 2005 7:41 PM
Subject: [Metastockusers] Re: Win XP Pro , MS6.52 and WinXP SP2(?) issues
> Hi Jim,
>
> Thanks very much for your offer. Any stock that you are following
> currently will do nicely. I did go through Ehler's site. He has a
> suite of indicators based on the MESA cycle evaluation. I hope you
> will allow me to impose on you and guide me on how you would trade the
> signals that are being generated.
>
> Best Regards
>
>
> Rakesh
> --- In Metastockusers@xxxxxxxxxxxxxxx, "jkolsrud" <jkolsrud@xxxx> wrote:
>> Rakesh,
>>
>> One program you might want to look at is MESA from John Ehlers. His
>> site is mesasoftware.com
>>
>> You will find info on his site - and John has published a lot in TASC.
>> I think he's one of the best known proponents of cycle related studies.
>>
>> If you want - tell me a stock you're interested in and a rough time
>> period and I'll send a picture of the results from his program.
>>
>> Best regards,
>>
>> Jim
>>
>> --- In Metastockusers@xxxxxxxxxxxxxxx, "rakeshsahgal"
>> <rakeshsahgal@xxxx> wrote:
>> > Jose
>> >
>> > Guess this MS nonsense is making me not see the lighter side of
>> things. :(
>> >
>> > On a more serious note, I will respectfuly differ with you vis-a-vis
>> > the relevance/usefulness of being able to to find the current cycle
>> > length. My experience , which is very limited I readily will admit and
>> > am certainly not in a position to stand up to someone with your
>> > experience, is that quarter cycles can provide useful trading
>> > opportunties.But then there is no such thing, as something that works
>> > for everyone or even everytime for me.
>> >
>> >
>> > Regards
>> >
>> >
>> > R
>> > --- In Metastockusers@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@xxxx>
>> > wrote:
>> > > Rakesh, I got your intended meaning the first time - I was just
>> trying
>> > > to inject some humor into your post. ;)
>> > >
>> > > With regards to FFT (fast Fourier transform) and "prevalent
> dominant
>> > > cycle" (recurring fundamental frequency), unlike sound waves,
> you are
>> > > unlikely to find anything meaningful in the markets. The closest
>> > > thing to it may be seasonal tendencies - which may or may not be
>> > > present in the charted being analyzed.
>> > >
>> > >
>> > > jose '-)
>> > > http://www.metastocktools.com
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