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Registered User
Joined: 6/16/2007
Posts: 1
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Will Rogers is acredited with saying: "Making Money in stocks is easy. If a stock is going up, buy it.; if it's not, don't !". I want the 10 day average to be rising and to be ahead of the 25 day average (a grren line on thedaily charts) and the 25 day avwerage to be rising and ahead of the 50 day average (a red line on the charts) and the 50 day average to be rising and ahead of the 100 day average (a yellow line on the chart). Then I want the same conditions to apply 90 periods (18 weeks) ago.
After I get the screen, I eliminate any stock where the green line came down and crossed the red line during the 90 periods. That gives me my "Buy List". I call this "Never Looked Back". If you try it, you'll find that there are many great stocks that emerge and remain, even during this awful period. (The green line crossing down over the red line is my "Sell Signal.)
So simple and yet so accurate.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I believe the actual Will Rogers quote is
"Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. "
I wish we could follow that saying!
- Craig
Here to Help!
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Registered User
Joined: 3/25/2005
Posts: 864
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QUOTE (jackcox) Will Rogers is acredited with saying: "Making Money in stocks is easy. If a stock is going up, buy it.; if it's not, don't !". I want the 10 day average to be rising and to be ahead of the 25 day average (a grren line on thedaily charts) and the 25 day avwerage to be rising and ahead of the 50 day average (a red line on the charts) and the 50 day average to be rising and ahead of the 100 day average (a yellow line on the chart). Then I want the same conditions to apply 90 periods (18 weeks) ago.
After I get the screen, I eliminate any stock where the green line came down and crossed the red line during the 90 periods. That gives me my "Buy List". I call this "Never Looked Back". If you try it, you'll find that there are many great stocks that emerge and remain, even during this awful period. (The green line crossing down over the red line is my "Sell Signal.)
So simple and yet so accurate.
Yeah, I would bother with volume either.
Stochastics on the other hand could be helpful
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Registered User
Joined: 3/25/2005
Posts: 864
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I meant "Would Not"...
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 Gold Customer
Joined: 11/11/2006
Posts: 359
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Jackcox: By your description I take it that your sell is when the 25 ma crosses below the 50 ma? I did not see a color for your 10 period ma. Do you use, in this instance, a EMA or an SMA?
What, if any, is your specific buy point? If not, do you buy when your 90 period standard, with the 25 having never crossed below the 50, is met? In the manner of the "Interesting Numbers " philosophy.
An interesting system....
Mammon
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Registered User
Joined: 1/28/2005
Posts: 6,049
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mammon
Rather than an "interesting numbers" style.
(which was based on pure momentum)
I would consider this type of thing more in the style
of Sir Fan Pattern.
See the Worden report 8/24/2007 for his post dates.
Thanks
diceman
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Registered User
Joined: 3/14/2005
Posts: 25
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Jackox: an example or two would help clarify your way! thanks.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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jackcox, I do like your basic philosophy and method for stock selection, because it's similar to mine:) In otherwords, cull the candidates down to only those with a high relative price strength. My own method is a little simpler than yours in that I only consider stocks whose 50-day is above the 200-day. Then I eyeball the charts looking for a lateral or sideways basing period of weeks or months from which price may finally break out to new yearly or all time highs.
Your comment, "If you try it, you'll find that there are many great stocks that emerge and remain, even during this awful period. So simple and yet so accurate.," lines up nicely with the very detailed research of IBD founder William O'Neil. He constantly preaches that the stocks that hold up the best during a bear market are the ones most likely to make the biggest and fastest gains when a new rally begins.
Back to Will Rogers, I wonder if Yogi Berra ever had any wise quotes about the stock market:)
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Registered User
Joined: 1/28/2005
Posts: 6,049
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"Jackox: an example or two would help clarify your way! thanks."
-----------------------------------------------------------------------------------
klynn55
FLO
ISYS
CLHB
would be examples. I just looked at the moving average relationship
(10>25, 25>50, 50>100, today and 90 bars ago) and did not require
them to be going up. I also chose simple moving averages.
Thanks
diceman
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Registered User
Joined: 4/18/2005
Posts: 4,090
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QUOTE (diceman)
mammon
Rather than an "interesting numbers" style.
(which was based on pure momentum)
I would consider this type of thing more in the style
of Sir Fan Pattern.
See the Worden report 8/24/2007 for his post dates.
Thanks
diceman
That is just what I was thinking ... beat me to it.
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Registered User
Joined: 2/15/2008
Posts: 155
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Off subject, Diceman there use to be a member that you conversed with named "Havenocents". His last post was 2/9/07. He had some interesting ideas. Do u know what happened to him???
Thanks for all responses.
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Registered User
Joined: 3/30/2008
Posts: 77
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These seem to fit the bill.
PKI
ABMD
NUVA
BAX
I think these are worth a look. Any comments?
BDX
IART
SYK
LMNX
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Registered User
Joined: 10/9/2005
Posts: 13
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KLYNN55...are you the same KYLNN55 that posted on (external link removed by moderator) that you purchased Trapline and would like to sell it?
(This type of exchange is prohibited in the forums - moderator)
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Registered User
Joined: 3/14/2005
Posts: 25
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ab: sell hell, sure ill sell it you!
(This type of exchange is prohibited in the forums - moderator)
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Registered User
Joined: 10/9/2005
Posts: 13
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klynn55....send me an email...I am at (email removed by moderator)
We can discuss via email...thanks....
(This type of exchange is prohibited in the forums - moderator)
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