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I was just curious to see if you had any luck with
programming this project.
Thanks,
ron
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=amibroker@xxxxxxxxxxxxxx
href="">Gordon
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Friday, December 19, 2003 8:15
AM
Subject: [amibroker] Re: "Must Read" from
tm site
I *expect* to code it this weekend to play around with. It
should be fairly simple. Someone may get to it sooner, but if not, I will
post it as soon as I have finished it.Meanwhile, I had no idea tm
articles were available free on Yahoo finance. Here's the link to the full
article:<A
href="">http://biz.yahoo.com/tm/031215/11047_4.htmland
the other in the pair:<A
href="">http://biz.yahoo.com/tm/031208/11017_4.html-
Gordon--- In amibroker@xxxxxxxxxxxxxxx, "rmortonmd"
<mortonr003@xxxx> wrote:> Excellent article. Now to show my
ignorance of programming. I can > eyeball the charts and see the
lowest value for the past 10 days, > how do you go about writing this
in amibroker? Also, are you > defining today as time 0 and going
back 10 days from here? What if > yesterday's value was the
lowest of the 10 days, would that still be > a buy even though
there is a good chance that the stock is still may > be on a
downtrend? In this instance, would you continue to watch > this
particular stock drop and wait for it to break the trendline > and then
use this particular rule of buying at the 10 day low and > selling when
it crosses the 10-ma?> Thanks for the help,> ron >
> --- In amibroker@xxxxxxxxxxxxxxx, "Gordon" <amibroker@xxxx>
wrote:> > I subscribe to TradingMarkets.com. I imagine many others
do as > well. > > I'm not a big proponent of reading the work
of market > commentators. > > This site, IMHO, however, is
run by true pros. There was a recent > > article that really, really
caught my attention. Since I've been > > working on pivots and
swings, it hit home. I'm pasting a quote > from > > it that I
think you will be glad you read. This is from an article > by
> > founder Larry Connors this past Sat., beginning and ending
inside > the > > double quotes:> > > > "A
Brief Review Of Last Week's Findings> > > > We now know
that had we bought new 10 day highs in the S&P's and > > exited
when prices crossed below their 10-day ma, we would have > lost
> > money in the bull market of the past decade. We also know that
had > we > > acted counter-intuitively and sold when
everyone else was buying > at > > these times, we would have
made good money. And most importantly, > as > > the world was
throwing in the towel and grumbling about how bad > > things were
and how "the internals" were deteriorating, if we had > > been
buying during these times (at 10 day new lows) and had sold > when
> > prices rose above 10-day ma, we would have far outperformed buy
> and > > hold plus we would have been in the market less
than 40% of the > time. > > A nice combination. Wow, buying
low and selling high...what genius!> > > > Now Let's
Move To Other Markets> > > > Let's now go further. Let's
look at some other indices. First the > > Nasdaq. The market that
had one of the greatest runs in US history > in > > the
late 90's and then one of the greatest collapses. I'm going to >
> first show you the annual results for the past 11 years. The >
column > > on the top shows us the number of Nasdaq points that were
made by > > buying a new 10-day low (buying the pullback) and
exiting when > prices > > crossed above the 10-day moving
average.> > > > Buy The 10-Day Low -- Exit When Prices
Close Above The 10-Day > Moving > > Average> >
> > Period Net Profit % Profitable > > 03 344.08 91.67%
> > 02 90.30 62.50% > > 01 218.42 58.33% > > 00
1,426.24 68.75% > > 99 460.21 77.78% > > 98 8.13 50.00%
> > 97 71.46 58.33% > > 96 93.22 76.92% > > 95
140.55 100.00% > > 94 33.25 84.62% > > 93 54.99 92.31%
> > > > Total Nasdaq points gained: 2940.85. Percentage of
Trades > Profitable: > > 75.1% (does not include slippage and
commission). And, you > > accomplished all this by being in the
market less than 32% of the > > days during this period. Yes, that's
right, 68% of the time your > > money was not at risk. It was in
cash.> > > > The column on the bottom shows what happened
if you only traded > the > > breakouts -- you plowed in when
everyone else was buying and > jumping > > up and down about
how great things were. You bought the 10-day > highs > > and
exited when the market crossed under its 10-day moving average.>
> > > Doing The Opposite -- Buy The Breakouts -- 10 Day New
Highs, Exit > is > > When Prices Close Under The 10-Day
Moving Average:> > > > Period Net Profit % Profitable
> > 03 (24.47) 40.00% > > 02 (159.18) 20.00% > >
01 (368.75) 36.36% > > 00 (1,390.77) 30.77% > > 99 547.27
31.25% > > 98 530.76 46.15% > > 97 43.83 33.33% >
> 96 52.45 43.75% > > 95 3.70 35.71% > > 94 (38.47)
11.76% > > 93 (36.42) 28.57% > > > > Total
Nasdaq points LOST: -840.05. Percentage of Trades > Profitable:
> > 33.5% (does not include slippage and commission).> >
"> > > > Enjoy.> > > >
GordonSend BUG REPORTS to bugs@xxxxxxxxxxxxxSend
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