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Equity curve for Trading System no2.

382% Model portfolio performance for 2005!


 
Weekend Monitor: First Cut
at 2005-11-12 23:55:02

Educational use only. Never intended as advice.

This is the online version of Chris Berman's fastest 3 minutes in sports, thirty minutes of stock market observations, before I trek to the hospital for the day (and weekend) job.
Calling the bottom? Here's a look at the great site www.stockcharts.com with their SPX/VXO ratio. We're back in nosebleed territory. Actually, my son, has developed a methodology for calling intermediate-term tops, but he hasn't run it the past few days.
Next up, the discussion of whether it's all over for small caps. Here's the SPX/RUT relative strength chart (bottom). I'm not sure that I'd draw the conclusion about outperformance from this chart.

Do you become bullish just at the wrong time, hopping on the bandwagon when everyone is jumping off? Here's what I call the Mamis-Meisler A-D oscillator. Note how the 10 period average is peaking (never advice).

Here's the weekly SP500 chart with stochastics and relative strength index superimposed. The old, bold traders might say it's not overbought yet, so hold onto the reins and keep your foot on the gas (not advice).


Here's the daily version of the same chart. Is that a 'stochastic flutter' continuation pattern with RSI not yet fully 'funded'?


Same chart, different indicators, with Williams%R at the top, and the Rate of Change at the bottom. Tom DeMark likes to look not so much at divergences but time that oscillators remain overextended. As a rough 'eyeballing' ROC appears in the 'countdown'(my italics) for 11 days. Getting extended.

Same chart, different indicators, with Average True Range at the top and CCI at the bottom. Note how ATR tends to fall at tops and peaks at bottoms. No signal, but getting interesting (not advice).


RKH (Regional Bank Holders)...note how the ROC(12) has been over 2.5 for 18 sessions. Can it go higher? Yup. Do I believe in mean reversion? Is the Pope Catholic? Net short RKH via options.



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