Wow, how lame. Actually, the "gotcha" is on you and the other Hershey bootlickers because "Things like qualified universe, 5x+ 20%+ cycling, etc." were NOT part of the original document (Tomorrow's Paper Today) which heralds the P,V relation as if it's the greatest market discovery ever. In that document (attached), Hershey simply recommended buying the turn from 0 to 7 (page 8). I explained this in the thread you took that quote from but you chose to leave that part out... the rest of your posts are just as lame and I won't point out all of MAK'S ERRORS yet again. You people will do anything LOL...
Hi Guys I would like to remind you the above objective of this thread. Whoever trying to promote or introduce JH methods in this thread would indicate much the lack of confidence in the methods. Please let the people on the other side speak first regarding their experiences and problems! Thanks!
Are you really trading actively using any JH methods (perhaps with variations)? Which one(s)? SCT (if not, why not?)? What are the time-frames? Please advise and thanks!
This is actually very simple. The garbage that romanus is posting is great because it shows conclusively how Hershey's followers use misinformation to do damage control when one of his "methods" is exposed as worthless. Actually, this is more than one of Jack's "methods;" Jack claims that the "P,V relation" is at the heart of TA. Anyway... the kool-aid drinkers can't confront with facts so they make stuff up... just like their ridiculous profitibility claims that they never support with proof. Here is Jack's original document, which I used as the basis for my backtest. Read it carefully. On page 8 it says to buy the 0 to 7 turn of the "P,V relation." There are no other conditions or filters saying which stocks to do this on or how to exit, so I tested it on 1000 S&P stocks over a five year period. I used a time exit so the results would depend on the 0 to 7 turn itself as much as possible, as opposed to the exit. Exiting 5 days later* produced the equity curve at this link. https://www.elitetrader.com/et/attachments/pv-equity-jpg.35609/ * 5 days worked better than 1,2,3, or 4 days. As you can see, makosgu's lame arguments all center around misinformation and conditions NOT in the original document. Typical cult propaganda. LOL!
More clarity... see posts below. These were my replies to makosgu's pathetic obfuscations that romanus didn't want you to see: http://www.elitetrader.com/vb/showthread.php?s=&postid=1402625#post1402625 http://www.elitetrader.com/vb/showthread.php?s=&postid=1402708#post1402708 http://www.elitetrader.com/vb/showthread.php?s=&postid=1403031#post1403031 http://www.elitetrader.com/vb/showthread.php?s=&postid=1403218#post1403218 http://www.elitetrader.com/vb/showthread.php?s=&postid=1403231#post1403231 http://www.elitetrader.com/vb/showthread.php?s=&postid=1403423#post1403423
Yeah... a 343 page thread. Study each page carefully and the thousands of other pages in the additional Hershey threads and you'll go insane too and believe in Jacks "teachings" just like the rest of them.