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Filter Exchange · Price Pattern Matches 2boxer
wallman
msg #495
2/20/2003 4:37:18 PM

JATIN9, glad to,good way to do it is get a copy of Wall Street Journal every few days and compare the ETF or HOLDER'S YTD% change of todays copy with the previous copy(s),that way you can stay right on top of them as they make their move up or down,very easy cause unlike IBD WSJ lists them all together under one heading,that being "exchange traded portfolios" in the american stock exchange quote section,pretty simple cause there's only about 100 of them and over time you will develop favorites which may narrow your field down to about 20-30 to keep an eye on with whatever indicators you use,for me i use bollinger bands and volume which over the past few years have proven very reliable.I have found that trading ETF'S with average daily volume under 50000 shares many times gives me poor bid and ask spreads so i avoid those.When you find ones your considering go to www.amex.com,in upper left corner of home page is quote box,just click your symbols and to the right you can click charts for the time frame you want and also click holdings to see every stock held in that ETF which is a pretty neat feature,if you have any more ? i'll try to answer them, have fun,MUDDY


General Discussion · Bollinger Bands
wallman
msg #489
2/19/2003 7:50:31 PM

Been using bb's successfully for long time now,i rely on them for every trade i make,only use them at the extremes,i.e.,touching or going through top band for shorts and bottom band for longs,i carry it further to the extremes by using this filter[show stocks where close has been decreasing over the last 3 days and average volume is above 100000 and close price is between 1 and 10 and price touched lower bollinger band(20)],the key here is i use candlesticks and i want to see a bottom tail on the last one,which shows the stock had some upward push from the low of the day even though it was down for the day,also i like to see the heaviest volume of it's decreasing days on the last day,which indicates to me that selling should be reaching it's peak and buyers may be ready to step in,you can use any price range but have found over time low priced stocks under 10 work way better for me as does heavier volume,100,000 at least,the most important rule for me is that these stocks MUST be up a few cents half hour after the open or they are NOT bought,also i will usually only hold them for a day or two and take profit and i use a 3%-4% stop loss on them,no exceptions,many of these stocks return 5% or more in a day or two,i just try to keep turning them over,also 3 down days are the minimum ,4 or more can prove even more profitable,some examples from recent days so you can see what they like in case i didn't explain to well are NUFO,WEDC,HRC,GLBL,LEXAR,TWR,. I keep increasing the volume with filter on test until i'm left with 10 or so plays,then look at the charts to see who looks best as far as # of down days,bottom tails and volume and then wait to see who's up at the open, has worked very well in both good markets(remember them?)and bad. Hope this helps you or someone else


Filter Exchange · Price Pattern Matches 2boxer
wallman
msg #468
2/17/2003 3:52:08 PM

KAREN,what is it you don't understand,i'll try to help if i can


Filter Exchange · Price Pattern Matches 2boxer
wallman
msg #467
2/17/2003 3:22:33 PM

KAREN, what is it that you don't understand,i'll try to help if i can,it's actually pretty simple


General Discussion · next day performance
wallman
msg #454
2/14/2003 11:02:21 PM

what i would like to do is to see just the next day's performance of a particular filter,in other words when i use date offset that gives me feb.1 I only want to see what the stock did on feb.2,anyone know? thanks in advance


Filter Exchange · Price Pattern Matches 2boxer
wallman
msg #449
2/13/2003 8:03:02 PM

yes,stocks in HOLDERS must be held no matter how bad their performance,the equivalent to not being able to use a stop loss on an individual stock.In shorting a single stock you always run the risk of good news coming out one day with no warning while you're holding it and i've seen cases where they have gapped 30% or more on open and it just gets worse thru the day(greed),with HOLDERS that stock is just 1 in a hundred in that "basket" making them alot less risky.I've found that they work really well for me with bollinger bands,when they near that top band they've usually had it for awhile (check chart for PPH),found ETF's that work just as well,a stop loss(mental or physical)though should always be used, good luck, MUDDY


Filter Exchange · Price Pattern Matches 2boxer
wallman
msg #389
2/3/2003 8:21:50 PM

go to AMEX.com(cause they are traded on american stock exchange),on home page click on ETF's and also HOLDERS,you'll find more than you probably want to know. MUDDY


Filter Exchange · Price Pattern Matches 2boxer
wallman
msg #388
2/3/2003 8:03:57 PM

SAROHDE, A ETF (exchange traded fund)is basically a mutual fund that trades like a stock,that is it can be bought or sold at a realtime price at anytime of the day and also can be shorted,they are a "basket" of stocks of the same sector (bio's,semi's,softwr)or countrys(japan,europe,france) like mutual sector funds,make great short canidates cause once they start to go down they KEEP going down awhile(unless we get a bull market,remember them????)
regards MUDDY


Filter Exchange · Price Pattern Matches 2boxer
wallman
msg #385
2/3/2003 7:30:30 PM

2BOXER good screen is right,but try this if you haven't already,go for the worst performing ETF's and when you screen them, take the worst of the worst and short them,i've been shorting them for over a year now and results are unreal,there was a period last summer when the 25 worst ETF's ALL declined 6 weeks in a row(DSG-$10,BBH-$10,EKH-$10,IXN-$13 and on and on)the HOLDERS work best because the stocks in their portfolios must be held for a year from what i've read,hence the name holders,therefor once they start to go down the fund can't unload them and they are stuck with them no matter what(witch is great for us),one note however,with my broker ETF's must be transacted on phone with live broker and a 100 share minimum,thanks for the screen


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