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Worden Discussion Forum » Members » cbh

Profile: cbh
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User Name: cbh
Groups: Gold User, Member, TeleChart
Rank: Registered User
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Joined: Thursday, October 7, 2004
Last Visit: Saturday, November 25, 2006 10:07:48 PM
Number of Posts: 2
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Last 10 Posts
Topic: Top-Down Strategy Ideas
Posted: Saturday, October 21, 2006 10:43:21 AM
I am looking to improve my top-down approach to finding trading candidates. I am thinking the approach needs to include the following:
1. Where are we in the economic cycle? 2. What sectors are leading now? 3. What industries are leading in those sectors? 4. What's the market direction right now?

#1 will just take some study. #2 is where I need some suggestions. First, I can't even get consensus on what a sector is. I see statements like "there are 9 sectors" or "there are 11 sectors". In Worden Studio, I see 31 sectors! Then, I need a way of understanding sector rotation--which ones are rotating out of favor and which ones are rotating in. Once I have some confidence in my understanding about that, I'm pretty clear on mining for strong industries using the MG symbols. And lastly, the overall market direction is pretty clear--and the daily Worden notes help with that.

I welcome any suggestions on determining sector strength and rotation.
Topic: Custom indicators, signals, and alerts
Posted: Saturday, December 11, 2004 6:10:41 PM
I'm a TradeStation user. I have tried TC2000 in the past, but always stopped since it did not allow me to create my own indicators, signals, and alerts. Has this changed?