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Hey I want to take a chance to thank Mr. Sears for his W-dates. I really
mean it!!!!
This is the kind of stuff that I love and have already come up with a nice
little system for W-dates.
We all need to share more of this stuff. I will be posting my little system
with W-dates in a couple of days.
Thanks you Alan
Rob
At 02:48 PM 7/15/98 -0400, you wrote:
>I am re-sending this as I never saw it posted and a lot of people
>are asking the same question
>
>>
>>What in the heck are WDates???
>>
>
>
>Wow, I have opened a can of worms here !
>
>My post was simply meant as a lighthearted parody of fdates :)
>
>My "extremely accurate" W-dates are simply Wednesday-dates
>as noted in my initial message, the blue bars on the chart are
>simply Wednsdays ! No secret, no membership required to get
>these highly accurate turning points. Although for those interested
>I could setup a subscription based service where I would email
>everyone Tuesday to advise them in advance that the following
>day was a W-Date <G> ie: Wednesday :)
>
>Using the exact rules of +/- 1 bar and the high / low not being violated
>for 3 days following (Same as Fdate rules). Wednesday has a hit
>rate of 80% or better !
>Did I pick Wednesday at random ? NO
>I ran tests on 20 years of historical data for many markets to arrive
>at this conclusion. Monday & Friday had a hit rate of 50-60%
>and Wednesday was consistently above 80% for all markets
>tested.
>Why did I do this ? To prove to myself and others that methods
>such as fdates are no better than random.
>Did I prove this ? I think so, who would have guessed that
>using Wednesday as a pivot date using fdate rules would
>give equal or better results ? :-)
>
>What I did was setup a spreadsheet to identify ALL pivots
>that met fdates rules. Example: there may have been 3000
>pivots in a data file which met this criteria, 80% of these occured
>on Wednesday +/- 1 bar. I found the results to be statistically
>significant.
>Previous examples of Bean Oil & Sp500 proved my findings
>Attached is a chart of cocoa showing the same amazing
>accuracy !
>
>
>
>
>Attachment Converted: "c:\internet\eudora\attach\Wdates3.gif"
>
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