Sunday, January 22, 2006

Relative str comp system tweaked with some ideas from larry williams


New system.
Using some ideas from larry williams's book
"THE SECRET OF SELECTING STOCKS FOR IMMEDIATE AND SUBSTANTIAL GAINS"
sorry caps too lazy edit
Basic idea: stock higher low index lower low= strong stock near a market bottom
if the market doesn't make the bottom then you will get into trouble.
Apply in reverse for shorts
I also added the williams ad line.
So this is his basic trading system.
Going to code automated divergence detection. But I can already sense that automated returns will be less than stellar.