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Profile: jackcox
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User Name: jackcox
Groups: Gold User, Member, TeleChart
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Joined: Saturday, June 16, 2007
Last Visit: Sunday, August 3, 2008 5:16:53 PM
Number of Posts: 1
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Topic: The Will Rogers method still works
Posted: Sunday, August 3, 2008 5:16:51 PM
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.