|
PureBytes Links
Trading Reference Links
|
Hi Franco,
Interesting link! But even if you get the fundamentals right (which
can be incredibly difficult) as the old saying goes -- the market can
remain irrational longer than you can remain solvent.
Mark
--- In amibroker@xxxxxxxxxxxxxxx, Franco Gornati <francogornati@xxxx>
wrote:
> Well .. should be said that Enron was the big short of Jim Chanos
just on
> the merit of its fundamentals but his analysis was not the of kind
that
> can be systemized or backtested and sure one that needs a high
level of
> expertise.
> Here's his testimony to the Full Committee on Energy and Commerce
>
http://energycommerce.house.gov/107/hearings/02062
002Hearing483/Chanos782.htm
>
> -Franco
>
> ----- Original Message ---------------
>
> Subject: Re: [amibroker] Re: Technical Vs technofundamental trading
> From: "duke.jones" <Duke.Jones@xxxx>
> Date: Mon, 07 Feb 2005 22:38:47
> To: amibroker@xxxxxxxxxxxxxxx,
> amibroker@xxxxxxxxxxxxxxx
>
> >
> >Have to agree with Fred here...by the time the fundamentals turned
the stock was in the teens. Here is a little history.
http://208.149.108.73/pubfiles/enecollapse.pdf
> >
> >Duke Jones, CMT
> >
> >-------Original Message-------
> >> From: "Fred" <ftonetti@xxxx>
> >> Subject: [amibroker] Re: Technical Vs technofundamental trading
> >> Sent: 07 Feb 2005 22:31:13
> >>
> >> Price action in Enron was more than enough to tell one where
Enron
> >> was going or at least that one didn't wnat to be long in it way
> >> before in serious price trouble. The fundamentals lagged in
that
> >> case simply because they weren't being accurately reported but
in any
> >> case fundamentals lag. One can certainly use general market
prices
> >> as an indicator of where the economy is going but it doesn't
work the
> >> other way around.
> >>
> >> --- In amibroker@xxxxxxxxxxxxxxx, "Pal Anand" wrote:
> >> >
> >> > Hi,
> >> >
> >> > I agree with what was said in another forum by another member,
that
> >> > if people had followed the proper fundamental criteria
(inaddition
> >> to
> >> > technical criteria), they wouldn't have bought Enron and many
other
> >> > financial basket cases.
> >> >
> >> > rgds, Pal
> >> >
> >> > --- In amibroker@xxxxxxxxxxxxxxx, "Claude Caruana"
> >> > wrote:
> >> > > Hi all,
> >> > >
> >> > > I am an Amibroker user for a few weeks now and I must say
it is
> >> > about to
> >> > > turn my trading method 180%.
> >> > >
> >> > > I initially purchased Amibroker to be able to generate
optimal
> >> > signals for a
> >> > > watchlist of around 100 stocks which I have selected for
their
> >> > fundumentals,
> >> > > however I am finding that my results work much better and
more
> >> > consistently
> >> > > on the entire stock universe (The 7000 tickers I have
loaded in
> >> my
> >> > db) than
> >> > > if I try running it on any watchlists containing less that
200
> >> > tickers.
> >> > >
> >> > > I find that, in general, the most reliable entry signals
occur
> >> very
> >> > > infrequently, and hence, signals are too few and far apart
to
> >> create
> >> > > consistent results when the basis is my 100 stock watchlist.
If I
> >> > try to
> >> > > "loosen the parameters" and get an optimal number of
signals for
> >> my
> >> > 100
> >> > > stocks, then the system will not be as reliable as the one
> >> > with "tighter
> >> > > parameters" scanning the entire stock universe.
> >> > >
> >> > > Before I ditch my fundumental approach (which quite franky
has
> >> yet
> >> > to give
> >> > > me positve results!) altogether and start using a
technical-only
> >> > system, I
> >> > > would be very grateful if anybody could confirm whether my
> >> > observation about
> >> > > entry signals is normal, or whether I am missing something.
> >> > Finally, are
> >> > > there any of you out there who trade using technicals only?
> >> > >
> >> > > thanks for any feedback!
> >> > >
> >> > > Claude
> >>
> >> Check AmiBroker web page at:
> >> http://www.amibroker.com/
> >>
> >> Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> >>
> >> YAHOO! GROUPS SPONSOR
> >>
> >> ADVERTISEMENT
> >>
> >> -------------------------
> >> YAHOO! GROUPS LINKS
> >>
> >> To visit your group on the web, go to:
> >> http://groups.yahoo.com/group/amibroker/
> >> To unsubscribe from this group, send an email to:
> >> amibroker-unsubscribe@xxxxxxxxxxxxxxx
> >> Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.
> >-------Original Message-------
> >
> >
> >
> >Check AmiBroker web page at:
> >http://www.amibroker.com/
> >
> >Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> >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/GHeqlB/TM
--------------------------------------------------------------------~->
Check AmiBroker web page at:
http://www.amibroker.com/
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|