Re: [RT] Dicey Deal,,,,be careful

["Tom Drake" <deuxsous@xxxxxxxxx>]

Good stuff. It then becomes a question how to use such data. Do we 
constuct a system around it or just file it away in trader memory as 
a "lean" or bias factor when evaluting the whole technical situation 
as of now? As a baseball fan my bias is that in-a-row stats are fun 
to talk about but not terribly instructive for what the man at bat or 
on the mound will actually accomplish.

In this case, however, the in-a-row stats coincide with technical 
crises: gap fills, range bisects, etc., so stats add an edge to the 
TA and allow one to bet a bit more confidently. Judgement isn't easy, 
of course, or everyone would be right most of the time, and we know 
that isn't the case. Good judges have good sense and have seen a lot 
of reality. And they know what's true and what isn't. I follow neural 
networks somewhat, but I'm not convinced that humans can't do it 
better.

--- In realtraders@xxxxxxxxxxxxxxx, "Jerry Wagner" <flexplan@xxxx> 
wrote:
> Here's some similar research from last week.  I'll ask them to 
check for
> the 8 day history.
> 
> Jerry Wagner
> flexplan@xxxx
> 
> 
> 
> > [Original Message]
> > From: Deosaran Bisnath <deobisnath@xxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Date: 5/24/2005 11:05:59 PM
> > Subject: Re: [RT] Dicey  Deal,,,,be careful
> >
> > Going to run this by the 
> > trader-talk.com guys.
> >
> > One way of analyzing it would be to simulate 
> > a system that buys/sells after x consecutive 
> > down or up closes (contra close); x varying 
> > from 4 to let's say 9; and maybe an additional 
> > filter to buy/sell intraday ONLY if the close
> > of a 5-min or hourly bar is above/below previous day's 
> > high/low.
> >
> > Sounds interesting, but I am tired, and it 
> > is only Tuesday. Maybe over the weekend.
> >
> > Regards,
> >
> >
> > --- Tom Drake <deuxsous@xxxx> wrote:
> > > Someone told me today was the first time for eight in a row 
positive 
> > > NASDAQ since 1999.
> > > 
> > > --- In realtraders@xxxxxxxxxxxxxxx, Deosaran Bisnath 
> > > <deobisnath@xxxx> wrote:
> > > > And, in the case of NASDAQ,  if my math is correct, 
> > > > this is the EIGHT SUCCESSIVE UP session. I wonder 
> > > > how many times this has happened, and did it 
> > > > go to 9? 10? and did it decline by how much after? 
> > > > If anyone has the stat tools to do this, greatly appreciated
> > > > my inquiring minds (who, coincidentally, are holding a few 
> > > > short ESM and NQM positions).
> > > > 
> > > > 
> > > > 
> > > > 
> > > > --- Tom Drake <deuxsous@xxxx> wrote:
> > > > > http://twocents.blogs.com/weblog/
> > > > > 
> > > > > 
> > > > > 
> > > > 
> > > > http://www.JahajeeDesi.com 
> > > > Home of the Caribbean Indian Diaspora
> > > > 
> > > > 
> > > > __________________________________________________
> > > > Do You Yahoo!?
> > > > Tired of spam?  Yahoo! Mail has the best spam protection 
around 
> > > > http://mail.yahoo.com
> > > 
> > > 
> > > 
> >
> > http://www.JahajeeDesi.com 
> > Home of the Caribbean Indian Diaspora
> >
> >
> >
> > 		
> > __________________________________ 
> > Yahoo! Mail Mobile 
> > Take Yahoo! Mail with you! Check email on your mobile phone. 
> > http://mobile.yahoo.com/learn/mail 
> >
> >
> >
> >  
> > Yahoo! Groups Links
> >
> >
> >
> >  
> >




------------------------ Yahoo! Groups Sponsor --------------------~--> 
What would our lives be like without music, dance, and theater?
Donate or volunteer in the arts today at Network for Good!
http://us.click.yahoo.com/Tcy2bD/SOnJAA/cosFAA/zMEolB/TM
--------------------------------------------------------------------~-> 

 
Yahoo! Groups Links

<*> To visit your group on the web, go to:
    http://groups.yahoo.com/group/realtraders/

<*> To unsubscribe from this group, send an email to:
    realtraders-unsubscribe@xxxxxxxxxxxxxxx

<*> Your use of Yahoo! Groups is subject to:
    http://docs.yahoo.com/info/terms/