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<DIV>
<DIV>Hi,</DIV>
<DIV><FONT color=#000000 size=2> <FONT
size=3>I am a new member of this group.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT
size=3></FONT> <FONT size=3>I would
like to know if anybody has tried out Able Systems
"ASCTrend".</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT
size=3></FONT> <FONT size=3>I visited
their website:http://www.ablesys.com.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT
size=3></FONT> <FONT size=3>They claim
to be the inventors of ASCSP Systems,formerly Spyglass</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT
size=3></FONT> <FONT size=3>Trading
System,popularised by "George Angell".Is this statement factually
true-</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT
size=3></FONT> <FONT size=3>I always
thought that George Angell was the inventor of Spyglass trading
system.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT size=3></FONT></FONT> </DIV>
<DIV><FONT color=#000000 size=2> <FONT
size=3>They also claim that their new product"ASCTrend"is endorsed by
George Angell-"It is the best indicator package available.Simply follow the
changing color patterns and you'll never be caught on the wrong side of the
market.It is an invaluable</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT size=3></FONT><FONT size=3>complementary
tool for any system trader".-words of George Angell.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT
size=3></FONT> <FONT size=3>They also
claim that the accuracy of their indicators is 75%???Are they saying that
they have 75% winning trades.Does anyone have any experience with</FONT> <FONT
size=3>the </FONT><FONT size=3>ASCTrend </FONT></FONT><FONT color=#000000
size=2><FONT size=3>software?Any comments on using this software-and does George
Angell have any </FONT></FONT><FONT color=#000000 size=2><FONT
size=3>association with Able Systems.</FONT></FONT></DIV>
<DIV>I do realise that it is a blackbox trading system,but if it has been
endorsed by George </DIV>
<DIV>Angell,I am tempted to try out their $99 trial offer-am i indulging in
wishful thinking in hoping that a black box system,endorsed by a
supertrader, will solve all of my trading problems?and that I won't have to
depend on my egotistical and emotional analysis</DIV>
<DIV>of the market-I primarily use "Elliott Wave Principle"for
trading,and invariably due to</DIV>
<DIV>my sticking to my guns(even when an alternate count seems to be the more
likely</DIV>
<DIV>outcome),I get into trouble.</DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 size=2><FONT size=3></FONT></FONT> </DIV>
<DIV><FONT color=#000000 size=2><FONT size=3>Best wishes to
all,</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT size=3></FONT><EM><FONT
size=3>Sanjay</FONT></EM></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT
size=3><clayidus@xxxxxxxxxxxxxxxx></FONT>
</FONT></DIV>
<DIV> </DIV></DIV></BODY></HTML>
</x-html>From ???@??? Sat May 09 01:43:09 1998
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From: David Gardner <dgard@xxxxxxxxxxxxx>
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Subject: Re: GEN:ASCTrend
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<P>Sanjay P.Lulla wrote:
<BLOCKQUOTE TYPE=CITE> Hi,<FONT COLOR="#000000"><FONT SIZE=-1>
</FONT><FONT SIZE=+0>I am a new member of this group.</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=-1>
</FONT><FONT SIZE=+0>I would like to know if anybody has tried out Able
Systems "ASCTrend".</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=-1>
</FONT><FONT SIZE=+0>I visited their website:http://www.ablesys.com.</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=-1>
</FONT><FONT SIZE=+0>They claim to be the inventors of ASCSP Systems,formerly
Spyglass</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=-1>
</FONT><FONT SIZE=+0>Trading System,popularised by "George Angell".Is this
statement factually true-</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=-1>
</FONT><FONT SIZE=+0>I always thought that George Angell was the inventor
of Spyglass trading system.</FONT></FONT>
<BR>I have used the system for a year. It's just another trend following
waste of money IMHO.
<P>Regards,
<P>Dave
<P>David Gardner M.D. Ph.D.
<BR>dgard@xxxxxxxxxxxxx</BLOCKQUOTE>
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</x-html>From ???@??? Sat May 09 01:43:08 1998
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From: Bill Bancroft <bancroft@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: GEN: System Part II
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Status: O
Hi all,
This is the post I promised regarding my stock market system. It is
long-term in nature (it has only changed 18 times since 1966). It looks
at 5 "indicators" on a weekly basis : the DJIA, DJTA, DJUA, NYSE A/D
Line (weekly), and the DJ-20 Bond Index. Each component is deemed
positive or negative depending on whether it is above a moving average.
If a certain number of them (0-5) are above their moving averages, the
model is positive. If the number of positives falls to another certain
level (0-5), the model turns negative.
This system is not the Holy Grail. In 1996, it sold during the July
sell-off, but did not re-enter until late October. Still, since 1966,
the S&P has returned 7.71% (not including dividends) with a maximum
drawdown of nearly 48% (measured on a weekly basis). Over the same
time, our model (zones 1 & 3) has returned 12% with a maximum drawdown
of 11%. Asset allocation is the first way we cut our risk--only invest
in the market when it is safest (you'd be crazy to be long in zone 4).
Although, not spectacular by itself, we only trade our Fidelity Sector
fund switching model when this model is positive.
Testing info: we are very conscious of the risks of curve fitting. For
that reason, we use out-of-sample testing to determine our parameters.
First optimize on half of the data (centered -- leaving two 1/4 ends).
If those parameters work in both the ends, the parameters are OK, if
not, you can't use them. My next posts will be regarding the bond
market model and the mutual fund switching model.
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