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<P>Sanjay P.Lulla wrote:
<BLOCKQUOTE TYPE=CITE><FONT COLOR="#000000"><FONT SIZE=-1>
</FONT><FONT SIZE=+0>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><FONT COLOR="#000000"><FONT SIZE=+0>complementary
tool for any system trader".-words of George Angell.</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=-1>
</FONT><FONT SIZE=+0>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=-1> </FONT><FONT SIZE=+0>the
ASCTrend software?Any comments on using this software-and does George Angell
have any association with Able Systems.</FONT></FONT>..................and
that I won't have to depend on my egotistical and emotional analysisof
the market-I primarily use "Elliott Wave Principle"for trading,and invariably
due tomy sticking to my guns(even when an alternate count seems to be the
more likelyoutcome),I get into trouble. <FONT COLOR="#000000"><FONT SIZE=+0>Best
wishes to all,</FONT></FONT><I><FONT COLOR="#000000"><FONT SIZE=+0>Sanjay</FONT></FONT></I><I><FONT COLOR="#000000"><FONT SIZE=+0></FONT></FONT></I>
<P><FONT COLOR="#000000"><FONT SIZE=+0>Sanjay:</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=+0></FONT></FONT>
<P><FONT COLOR="#000000"><FONT SIZE=+0>I have never heard of this guy or
this system. Therefore, I will not comment on this system, just to
be fair. However, what I would like to suggest is to check real hard
of their trading statistics and, if possible, ask for the trading work
sheets and check out the trades slowly to see if the results are as claimed.
The company I work for also claim to have CONSISTENT performance of 65-70%
accuracy rate annually. When I first started, I asked them all the
time why they booked the profit in such a wierd manner that weren't in
line with the trading strategies. One of the directors said to me,
"Jeff, you've worked here long enough to ask such questions". GREAT!
In the brochure, it says they are 'world renown' technical analysts.
Among us not-so-world-renown analysts, we were laughing our heads off.
They are as renowned as the first day I met them back in November last
year! To this day, I still bug them constantly in their ways of booking
the trades...I think they are going to fire me pretty soon! :) By
the way, Elliott Wave is far from being egotistical and emotional, IF UTILIZED
PROPERLY. Regards.</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=+0></FONT></FONT>
<P><FONT COLOR="#000000"><FONT SIZE=+0>Have a good one</FONT></FONT>
<BR><FONT COLOR="#000000"><FONT SIZE=+0>Jeff Harteam</FONT></FONT>
<BR><FONT COLOR="#000000"><FONT SIZE=+0>Hong Kong</FONT></FONT></BLOCKQUOTE>
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</x-html>From ???@??? Sat May 09 01:43:13 1998
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Date: Tue, 05 May 1998 12:16:00 -0400
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From: Bill Bancroft <bancroft@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: GEN: My System Part V
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Status: O
Now you know the gist of it all. When you put all these systems
together, you have a very dynamic asset allocation "system".
Let's review: Zone 1 & 3 -- trade the Fidelity Sector funds with the
switching model
Zone 2 -- trade Fidelity bond funds (buy and hold
until the zone changes -- no trading)
Zone 4 -- trade gold funds if the gold system has a
signal, else, enter a money market
Since 1986, this system has returned roughly 30% a year with a maximum
drawdown of 11% (without margin). I realize the market since 1986 has
been very favorable to equities. I do not foresee the next 12 years
being as good as the past 12. If the market heads south, we will change
zones (into either 2 or 4) and not earn as much money. But I would
rather only earn 12% a year in bonds or gold, than lose my shirt in
equities (it is all relative).
New areas of research: since the switching model works so well on mutual
funds, it should work on homemade stock groups. My current research is
focused on picking the hot stocks out of the hot groups. This system
will be much more volatile (read: riskier) than the mutual fund model.
My boss and I will offer the signals to the entire system later this
year. We will have ONE introductory period of 6 months for a reduced
rate ($100?). You will be able to access the signals through a web site
with a password we supply you (after your check clears-ha!). If, at the
end of 6 months, you like the model and would like to subscribe for a
longer time period, the rate will increase (to what? I don't know--
what's fair?). If you are disappointed, you simply don't renew.
Feel free to question or comment (good or bad) any of my systems I have
presented here. I hope it triggers some new ideas in all of you. I,
too, am always open to new ideas.
Hope it helped--
Bill Bancroft
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