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Where can I find the May 30, 2003 Daily Worden Report?
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Registered User
Joined: 10/7/2004
Posts: 5
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The Worden Report, (Friday, May 30, 2003)
Sir Radar's Back with a Nifty System
Material received from Sir Radar has been extremely popular with our Users. We haven't heard from since December of 2001. Dates of his previous articles are 2/16/01, 6/12/01 and 12/7/01. The system (and that is what it is a SYSTEM) is nifty and easy to implement. As usual, like anything Radar sends us, it is highly original. Let's hope he doesn't take so long again to develop a thirst for a cold bottle of Veuve Clicquot Ponsardin. -DW
To DW:
This is a short and sweet technique that just might spot an upcoming breakout before it occurs.
When someone says that it is not possible to mechanically handle a breakout, that is when we need some new ideas. Here is a method that presents the possibility of investing in the stock before the breakout occurs and afterwards decide if the stock is worth keeping.
Everything you need is already programmed into TC2000. We will make an Initial Setup and follow that with three examples of honest, verifiable trades that I have made that shows the technique.
Top: Price Bars
MS
TSV - 18 bars - simple (off white)
TSV - 8 - bars - simple (white - Dotted)
Middle: Volume Bars
TSV -18 - simple (off white)
TSV - 8 - simple (white dotted)
Bottom: BOP
OBV (cyan)
MS (Yellow)
You might have a tab with most of the above already there.
The TSV Curves superimposed on price give a good visual relative comparison. The TSV on the middle chart give a positive or negative value to TSV. Do a test is the real value is important? We are looking for a very strong divergence between TSV* and TSV18.
Example 1:
Bring up TRDO and notice that there was a price break. Step back to 4/16/03. Here, TSV8 has a very sharp rise and a small jump in price and volume. That sharp rise TSV8 is a good buy signal. Step through the breakout on 4/25/03. TSV keeps rising --- must be a keeper. I personally sold on 5/9/03.
Example 2:
Bring up BJ. Step back to 3/25/03. Observe that sharp rise in TSV8. This stock was undervalued and had a fair value of $21.50. That is why I was watching it. Step through the action to see the breakout.
Example 3:
Bring up BEV. The action on 5/05/03 triggered my interest. Step through the action and watch the indicators fly. It had its breakout gap on 5/9/03, and a good ending to this story. These are not recommendations and I might dispose of the position at my discretion.
This method seems to work better for upside breakouts. Think before you act.
SC (Sir Radar)
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Worden Trainer
Joined: 10/1/2004
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Here is a link
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- Craig
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