That may have been true until a couple of years ago, but not so now. NYSE today for example - 2315 Advancing issues (when last I looked)- not a single new high. I didn't bother looking any further. Natalie
Seems like their is a database discrepancy...are you looking at all time highs or 52 week highs. I look at 52 week highs. Check the new highs section in tomorrow's IBD and you will see what I am referring to.
It's good you aren't reading this, then you won't know you are incorrect. I am referring to 52 week highs, not all time highs.
Not too big on 52 week highs in a bear market but these links might help you guys I just ran a search on Dogpile.com looking for 52 week highs and these sites came up http://money.cnn.com/markets/us_52high.html http://www.moneycontrol.com/stocks/marketstats/bsehigh/index.php http://quote.morningstar.com/highlow.html http://dynamic.nasdaq.com/asp/52weekshilow.asp?exchange=Nasdaq http://www2.barchart.com/high.asp?code=btam Robert
This is a fairly risky strategy in a bear market. You could be wrong in a bull market and still survive but it is not the case now. I personally know a trader following a similar system that was trading, not to say it doesn't work but interesting anyhow. Find a way to hedge and limit risk. Riskless $ are better than naked $$$$$ earned. inmate451
...could that be b/c you only close the profitable trades??? From the list of your current open positions it appears your target profits are way smaller than the losses you are willing to sit on to wait for those gains to materialize. Doesn't appear to be a sound approach. You said if the price goes against you but the company keeps making money it's good value? That assumes there are no instances of people driving the price beyond where it should be. Pick up an article by Jegadeesh and Titman on short term momentum and two more by DeBondt and Thaler (1985,1987, Journal of Finance) on long run reversal.
Don't you latest posters get it? Here's an underclassman from Penn St. stealing someones identity, and drawing anyone he can, and there are many, into his sludge. No matter what you say, no matter how true and sane, there will be a comeback by the troll. That's what he wants. He was exposed long ago as a liar, so why continue to wrestle in the mud with him? He's not selling anything, his purpose is to disrupt. He can't if there are no responses. Get it?
Post a link to where he was exposed This is funny. PS some of us only browse this place occasionally, don't follow the adventures you are describing - and are thus prone to fall prey to such misrepresentations.
his original master claim of "53 consecutive winners in a row of 15%" http://www.elitetrader.com/vb/showthread.php?s=&threadid=10172 was later adjusted to "53 consecutive CLOSED TRADE winners of 15%" It was adjusted after he was busted by many astute, rationale posters, who caught him lying very quickly. This guy can buy 100 stocks, and only close out the winners. He leaves the losers as open positions, and then doesn't figure them into his results. Pretty ridiculous. I will not post again on any thread relative to this. And no one else should either. DON'T FEED THE TROLL.
Ha, funny. It took me only a minute to figure out he did exactly that - only close the profitable trades (see my post above). I'd like to think I'm astute and rational Thanks for the link.