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David:
My take is the ticki is generally too noisy, while in
strong trends it may not get to some arbitrary point
(say -20) and you miss the move. But hey, if someone
has a ticki system that beats the basic OB, or whatever,
please post the results.
Perhaps my comment "a complete waste of time" is too
harsh, but I think there are better places to look.
BW
>From: "David Folster" <mr_bond@xxxxxxxxx>
>To: "Bill Wynne" <tradewynne@xxxxxxxxxxx>, <softexcl@xxxxxxx>,
><ebonugli@xxxxxxxx>, <omega-list@xxxxxxxxxx>
>CC: <rfurse@xxxxxxxxxxxx>
>Subject: Re: OddBall as a market timing tool
>Date: Thu, 21 Feb 2002 10:28:01 -0800
>
>Bill,
>
>I found TIKI had some value as a daytrading technique if you used it as an
>oversold measure in a rising market and vice versa for a falling market.
>i.e. If 5 minute SP > than 25 period MA and tiki = -20 or less, buy.
>Didn't
>define an exit technique but one possibility would be exit when you have a
>profit and the majority of a 5 minute tiki bar is < 0. Possibly adding my
>OB DB as a filter for longs/shorts would work better.
>
>Any comments?
>
>David
>
> > Raschke, Conners, Schwartz all talk about tick and tiki methodologies
> > in recent books..... (IMHO a complete waste of time...the tiki systems
>that
> > is). Ned Davis and many others have been doing breadth (i.e.
> > A/D) research for decades.
>
>
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