cello13
88 posts
msg #44362
- Ignore cello13
modified |
5/29/2006 10:18:56 AM
I'm looking for a DMA(28,-14) filter to identify stocks as MOVI (round 05/01/06) or LUM (same time period). I tried to create a filter, but it didn't work at all. Furthermore, I'm looking for a system to calculate the price target of such stocks.
This is, what a could create till that point of time:
You may wonder, why I tried to calculate y instead of using the slope setting. The funny thing is, the use of this is totally different, despite measuring the slope of the DMA(28,-14) should be the same thing. I tried several times with the Stockfetcher slope function, but it seemed not to work properly...
Could somebody help me to finish that filter? I'm looking for 20 to 30 % increasing within a week or two. I prefer stocks with a low price, but not being OTCBB...
Thanks in advance.
Cheers,
Cello
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WALLSTREETGENIUS
983 posts
msg #44366
- Ignore WALLSTREETGENIUS
modified |
5/29/2006 12:40:15 PM
cello -
Before you ask for all the added criteria....you better understand how DMA works. You won't find stocks where DMA is pointing to the moon, like on MOVI 5/1/o6. It looks like that because of the huge gap that was created on 5/11. You can't rely on DMA beyond it's 14-days. But within the 14-days....it's the slope that gives you a future price glimps. Here's the only DMA filter you will need. Look what happened when the market started to move on 5/24/06....HUGE GAINS!!!!
Here's a recent quote from one of those famous fraternity brothers....
BFreshour-
"Everyone knows that DMA(28,-14) is not a predictor like Riggs thinks, but the fact remains.....that something does tend to happen when you use it like he(RIGGS) says."
_________________
*** DMA IS THE ONLY WAY ***
- WALLSTREETGENIUS -
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WALLSTREETGENIUS
983 posts
msg #44368
- Ignore WALLSTREETGENIUS
modified |
5/29/2006 12:41:32 PM
Here's the filter for the rest of you.....
**** DMA IS THE ONLY WAY ****
- WALLSTREETGENIUS -
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cello13
88 posts
msg #44412
- Ignore cello13
modified |
5/30/2006 7:43:42 AM
Riggs
Your getting everyday closer to a incredible stock-genius ;-))
Thanks for that filter. Looks great!
I read a few descripitons about DMA(28,-14) and you're right. Looking backwards to DMA is obviously not the same as using it today. If I'm right informed, there is a lack of data for the last few days, which means, that this time the indicator would be filled with the data of a normal SMA(14)... I hope, this is right... But it always looks great, if you look back at that indicator ;-)
Could you tell me how to calculate a possible price target using the DMA(28,-14)? I'd be grateful for that. By the way, I think, this filter will perform great in bullmarkets. How about bearmarkets? Do you identify the market trend with Advanced-Decline-Line of Dow and Nasdaq or how?
I saw, you built in your pop-80-filter. Is there a description of the different parts (wrval, etc.) and its use in your pop-80-post? If not, could you explain me what I have to look for? Sorry for so many questions, but I'm a beginner and hope, that somebody (maybe you) could be my Mentor in this board.
Thanks a lot! Good luck
Cheers,
Cello
PS: I remarked your email address and hope, that I could write you my questions, if you agree with that...
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