This is the last post of this series. I would appreciate anyone with Q's, that they post them. Even if you are a passive/aggressive type sitting on your tail, do some agressive judgements that we can explain how to do work arounds for your next steps to get past them. There are two rows of types of elements across the TOP of the platform. At the very TOP are words. Below that are icons. All have drop down menus. How a person begins his trading life using a platform is to lower the risk of taking the first step. you look at the step's height and if it is too much you reconsider doing a smaller thing. This smaller less significant thing is also NEW. Try to go to a TOP row and find a word or icon that you think you can handle. I have a sequence you can go through. There is a very appropriate icon I call the "Whiner's Icon". It is a "silver platter" with a "cover" on top and a "hand" holding it up and bringing it to you. It is in the middle of a row (like the middle of a wer paper bag). Everyone lands in the middle and wants a silver plater brought to them. Start with the silver platter and follow the instructions to go where you are told. Keep downsizing the height of the step until you get to the first place you can take a small thing out of your head and put it into the computer. you will be clicking NEW just before you begin the transfer. Here is a reminder. Each thing you think I say is nonsense means the height of the step is too tall for you.
Here is the translation in case somebody wondered what he means by "...long to short scores..." and "...short to long score...":
Jack, you mentioned once that the automatic calculation of the IAS and as a result the Rank of a stock, involved multiple pages of math formulas. I am not a math geek therefore I wonder how I can reproduce what you did and calculate the Rank?
Are the algorithms behind Score and Rank computation proprietary? The high Unusual Volume figures on top ~15 rows do not seems to be in sync with the results of scoring columns.
Does PVT work during bear markets? More specifically, How will PVT perform during the last leg of the depression. Does CANSLIM work during bear markets? WJO and Darvas who focus on the intermediate term suggested sitting on the sidelines during bear markets. For the highest probability trades of PVT, are you focusing on trades where the short term, intermediate term, and long term all come together at one point? Specifically, where the short term trade turns the intermediate term downtrend into an intermediate term uptrend. With these high quality stocks, the long term trend should always be up anyway so that leaves the focus on the short and intermediate term.
In trading, there can be a lot of preparation. The IAS is an example of a lot of hand work (filling in sheets and setting up the schedules for opportunities). Recently, I spent several days doing a more modern work around. For me and the era I originated in, there was a common understanding that you had to get very familiar with anything you worked with. TA works best under such circumstances. I reviewed as many of the functions as possible in the libraries of the platform. I had to create a new RS,m for example. The RDBMS approach is tough to use on today's platforms. By backing into Ranking from basic evidence, I was able to see how a general comparision could be attained. It turned out that the more famous efforts long ago dealt with two line threory. The trick used to eliminate lagging is to engineer the signals from processed data. As a consequence,I didn't use any processed data that was centered or referenced to the zero horizontal axis. And I obtained the best advantage by using former data processing by people who processed a lot of data. It was like coming to a braod stream and having to select boulders in the stream and use them to advance across the stream one leap at a time. Humorously, I made an error that seemed to not be solvable. Finally, I entered specific values for each part and discovered I was making a "processing" error. There is a specific pecking order for doing programming that is somewhere between "operators" and "functions" and their respective mergers. If you foul this up then you are not longer following the proven rigorous path. My dad was self taught and he always cautioned about the problem of always being strict about understanding correctly what you are learning. The self tests for this are difficult. for Rank I was hoping to have the same range as in the past but two new things are occuring. The final range of values is broad and also some of them are negative temporarily. Paddler implies such but in another aspect. Rank, for making money, devolves around really making it when it is there to be made. Also the direction is significant. For really experienced traders directiion of profit taking comes from a neutral bias. So I made sure that is part of the picture once maturity can set in. Using cummulative data becomes less influential as a philosophy approaches an optimum. Then, what steps in is the directional movement contribution. All the filtering leads to quality. I represent the counter balance to quantuum mechanics and it, in the future, will be called qualuum mechanics. Quality offsets a neutral bias from a zero horizontal axis. A cummulative orientation kills the spirit of making a high money velocity. High directional movement in each money making direction needs to be credited to the character of the opportunity. Thus you see the relative scale of Rank final where the sequence of money making trends is built in and an index results. Rank final orders the coincident stocks announcing their cyclic opportunity. In flight it is a trim tab mechanism for both long or short money making. Read Welles Wilder for the detailed background. There are a series of books. I made the scoring a little asymmetric to be able to hone in on long entries and have exits more related to x-overs of money making velocities. A is briefer and D is wider. Bu there is not a three part system where there is space (no man's land) between A and D. Yuo do not see 2 and 6 on the QB, but you do know when they are in play due to the absence of any T on what shows.
Their is a myth about "proprietary". People who hide things give up what is called iterative refinement. they are just "stuck" where they wind up. There are many ways to make money. One of the neatest ways is to leap frog with others who are on the same path. I watch others. Pring is such a person. The era of adjusting for the avent of the PC was a terrific leaping and frogging era. Pring chose to be an inch worm. I bet some of you attend his workshops, etc... His famous words (in a heavy German accent) to me one day were: "I don't unterstandt yor qwestions". He came halway down the aisle and leaned over to boot. I was happy to relate to him and some in the audience did understand where the opportunity was and how it got on the table. Unusual volume does volunteer additional significant information. Years and years back, in less sensitive times, we used green books that came on Saturdays ; there was no PC. You could be an artist with a razor blade. Then we talked about "Phase Change" and "Popularity". it was all visual and VERY APPARENT. Stocks would have a range of volume and be sleepers. they were onto the future in specific infrastuctures. We just had an election whre both parties do not know the infrastructural transitions. Both parties are still one infrastructure behind. One thing I like about being me is my awareness and prioritizing of things. As a sleeper comes into general view it becomes "activated".A new multiple range of volume repalces the olde sleeper volume range. PVT is an approach that can sniff out sleepers. Since it does, you go through the experience of seeing such happen. It is different that stock splits, etc.... What would it be like for Timmay to have a snake oil service on sleepers instead of penny stock short trading? It would be cool simply because of the positive nature of "a star being discovered". I am working with TN to improve their data delivery. So far we are working from the longer term to the shorter term. we have the principle in place for longer term and they did go through realizing one size fit all. some of you have platforms that are alredy there. Good. One more "secret" thing eliminated. The "phase change stocks" are like whole milk before it is homogenized. You skim these stocks off since they are throwing data at the PVT which includes a sudden and permanent shift in volume range. For those who are really well founded in mental differentiation (Paddler and Frenchfry, and tradingbug, hypostomus, acruary, jon netto, morges, anderson, etc....) the phase change stocks are just like trading the "news" on faster fractals. The asymptote from old to new is always damped and which of the three dampings is right there and very tradeable. I'll post on infrastructure next since it is what will take us out of this Depression around 2018 or so.
Ahhhhh........ You are so cool. Most people fall into one or the other category of system consideration: concept to detail or visa versa. Jefferson's expertise was determined by whom he was relating. At half my age I didn't fit into a given mold. The quality/context sphere is most interesting. The trader has to live in this special vantagepoint and peer out. To have a seat at the table, I think lisiten to guests of Charlie Rose, Colbert and Stewart, and Sturday Night Live is good. I can give you a list of periodicals as well. Subscribe for the serial input of the titles and graphics. Peeling the onion is de rigour. I believe in the second level of the infrastructure shift as the heart of the dynamic. Gems come from there. everyone's heritage came from the agriculture to industrialization infrastructure shift. You CAN understand how 70% of the workforce is now 3% in Agriculture. You can appreciate how the GPS determine where the rows of wheat are planted and how water is supplied precisely s required. Take books and place them on a table and overlap them so they are fallen dominos. See a book end. today manufacturing (industrialization) is NOT the current infrastructure. It is BELIEVED to be however. Votes are gotten from the beliefs of people. Bain did not only focus on what was going on to create value; it focused on making money without laborers. No one dates robots or has children with robots. People aren't big enough, fast enough or strong enough to be robots. Robots are specifically manufactured to replace people and their manufacture is not a big deal. Their tapes and program codes are another matter. I traded machine tools in the late 50's. I looked at Jefferson's weekly clock. A cannon ball was the energy source. After designing it, probably by friday night or Saturday am, Jefferson got out his keyhole saw and cut a hole in the foyer floor. Today, we are more focussed on why not to have to have full employment in any culture. I noticed it around 1954. The new infrastructure is a services infrastructure. Industrialization is being replaces by services. People will only work part time so the new services, in part, will be for satisfying the wants and needs of free time. Trading PVT is a PT job. We move from residence to residence so weather can be accommodated. We are interconnected to our systems electronically. We all have the three trading terms running. Residences are IT. Darvas had to pick and chose on a slower fractal and did IT trading. I did the same picking, at that time, for ST trading. I did WSJ and Darvas used the Hearld Tribune out of NY or Paris. (He used western union I used the rotary phone.) WJO came a generation later and he took 27 months to go from trading (ST) to being a capitalized info supplier. He was able to be a service provider way back when. I was stuck with two 36 inch discs and UHF signal level meters mounted between CRT's. At that time and a little later, I met folks at the Quilted Bear in Scottsdale. I divided the electronics world into seven categories (now called specific market sectors). This is an emerging service sector. My bro was running a Huges Tool division that sold laminating circuitry machines that used a laser system and treated surfaces as potato chips so more layers could be used. People being removed from manufacturing opposite the robot's world. I was born in the Hoover admin. My uncle gave me an 1880 silver dollar from his pay at Boulder Dam. War helped us out of the great Depression. Dust bowls helped farmers understand not doing crops in low rainfall areas. California became a west coast manufacturing center. WWII needed a supply of manufactured goods. Today, we get to go through a Depression worldwide as the global services system gets set up. 10 years ago the Chinese had 45 million computers on the internet; today there are 600 million. The above is the quality/context shells of the onion.
The dynamic of moving from one infrastructure to another provides the means of making money all of the time. The service infrastructure will have and has many facets. In 1957 I choose 4 sectors in which to trade. I got my beta by chosing industries that fed other industries closer to retail. Machine tools fed manufacturing. Paper fed media. Pharm fed medicine. ETC. In scottsdale we sorted the computer world into seven parts which became sectors. Thier relationship gave us beta relative to other sectors. SSR was the sorting of the IBD sectors. we picked leaders and laggers in rising sectors. you watch leaders and trade the laggers on an IT level with swept capital from PVT and SCT which are ST fractals. All quality based systems work in Bear markets. Quants are the myth creators for Bear markets. They are not neutral biased in their design and development. Their myths become the Q's for this Depression. As you noticed, the Depression clock started in 2006. The 10 to 12 year period ends in 2018, three elections hence. (With a Hispanic democratic President( Ex governor, western state)) Take a look at the sex industry part of the service industry infrastructure. At Harvard, a niave guy got taken by a savvy guy who marketed college personal sex connecting. There is a Q for M or F. M's look for F's and vice versa. Facebook does not fit our requirements. BUT in this time slot we are now at the low end of our size Uninverse by adjusting the percentiles of EPS and RS (75's) (Lets assign these creations to WJO under the QA category). Before computers and before WJO, I used annual hi/lo range and other quality quickies for ST trading. We adjust our Universe size to accommodate having 12 streams running at 100,000 shares each. When we are smaller in capitallization we have more freedom in this envelope. We are amateurs with a great deal of freedom and we spend little time daily. In trading, for us, there is no probability component. the Unusual Volume chart was checked out using a 400,000 event sample. No changes were made. Presently, there is an uncommon distribution in our Universe. For the volume filtering, the amount of daily volume seems generally higher than it used to be. You make a terrific filtering point about the multi fractal convergence. Where you eliminate the work time constraint criteria. trading the middle fractal is only three fractals deep. Adding a slower fractal is cool and in this Depression is best done by paying attention to sector rotation. You can go to REPORTS, then you see Sector Analysis and you can see a three level system for sector examination. Since you are adding a slower fractal, using the time period to facilitate the look see. For the ST event timing you mention, do just use your charting period to be in focus on the turns. This is a two click process that happens in the 1 and 1/2 hour widow for doing the crossover. Eeking out ticks, etc, is not too important by this stage of skill and knowledge. You do have to look at a pair of stocks. One you are using to obtain capital and it is not finsihed its run. What it is doing is slowing down in money velocity during the known end of its run up. Wah tis more important is waiting for the HOT listed stock to complete its end of preparation for its upcoming long half cycle. you are tuned in a day of two days before your estimated start date. You are looking at the blue line on the DMI+ line. The DMI- line has troughed already. So there are break points in the red and blue lines which indicate that the steepening is happening because, as you say, the ST and IT fractals are in synch (almost). by changing your chart to a faster vernier like effort, you can slip form 30 min to 15 and maybe even the 5. In SCT when we move to a higher skill level we pick up an additional 15points (on the ES mini) per day. In PVT, at the limit of shares this is a 200K differential opportunity on the partial fills. So you are looking at the "last chance" over a partial fill period. After that you are at less than optimum. Here you keep at the max of 10% cummulative volume as an effectiveness guide. Those who have watched me, suggest it is like watching a gas pump but in the thousands rotator. Anyone should be happy watching the hundreds. You need to be in when the pump is nearly stopped. Lastly, all charts have bars. There is an inherent bar volatility. For any volume, there is the flipping of the A/D measure as you go through the scores from 7 to 4. There are four tomato plants in the row. They are numbered. You can hoe between each plant. Three spaces. the trend does three moves: two for you and one not for you. This is the human psychology in action. D to A begins, then a little A to D (the early exit freak outs of CW land), then the last D to A. We ride the DMI+ and use the DMI- to lead use into the zone. You exit a little early since you are a high money velocity trader.