{"title":"Volume 15 (1997)","description":"\u003cp\u003eBrowse Volume articles by issue:\u003c\/p\u003e\u003cdiv style=\"display:flex;flex-wrap:wrap;gap:12px;\"\u003e\n\u003ca href=\"\/collections\/articles-volume-15\/issue-01?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 1 January\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-02?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 2 February\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-03?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 3 March\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-04?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 4 April\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-05?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 5 May\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-06?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 6 June\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-07?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 7 July\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-08?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 8 August\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-09?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 9 September\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-10?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 10 October\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-11?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 11 November\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-12?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 12 December\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-13?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 13 Quick Scans\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-15\/issue-14?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 14 Product Reviews\u003c\/a\u003e\n\u003c\/div\u003e","products":[{"product_id":"v15-c06-bondmar-pdf","title":"V.15:6 (255-260): Bond Market Timing Revisited by Jay Kaeppel","description":"Bond Market Timing Revisited by Jay Kaeppel\u003cbr\u003e\u003cbr\u003eHere's an update of this author's article from August 1994 on trading bond funds using Barron's Gold Mining Index as an indicator. In addition, take a look at a new version of that model, as well as information on other ways to take advantage of the timing signals it generates.\u003cbr\u003e\u003cbr\u003eAn article I wrote that appeared in the August 1994 STOCKS \u0026amp; COMMODITIES focused on bond fund investing and detailed a simple bond market timing\nmodel that signaled when to switch between long-term bond funds and short-term bond funds. This article will update the results of that timing model, present a new version that appears to enhance results as well as impart information on other ways to take advantage of the timing signals it generates.\u003cbr\u003e\u003cbr\u003eBond prices rise and fall inversely to interest rate movements, and long-term bonds experience greater price volatility than short-term bond funds. Ideally, when interest rates are falling, a trader or investor will be in long-term bonds to maximize price appreciation, and when interest rates are rising, in short-term bonds or even money market funds to maximize capital preservation and to reinvest more quickly. I have found that changes in inflationary expectations identify points in time when the odds significantly favor a rise or decline in interest rates during the next 12 months.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133794742641,"sku":"\\V15\\C06\\BONDMAR.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_26123f71-8051-493e-a92c-7edb24f3c3b7.jpg?v=1739652696"},{"product_id":"v15-c06-ontheae-pdf","title":"V.15:6 (267-273): On the Aerodynamic Trader: Constance Brown by Thom Hartle","description":"On the Aerodynamic Trader: Constance Brown by Thom Hartle\u003cbr\u003e\u003cbr\u003eAerodynamic may seem like a peculiar description for a trader, considering what the word brings to mind at first glance: smooth and sleek, streamlined to minimize resistance. And yet, think about it. Successful traders are mentally streamlined. Winning traders display minimal emotional resistance to a high-risk environment, only trusting their skills to trade. This focused mental state is comparable to those of top athletes who go into head-to-head competition concentrating on their goal, free of any excess mental baggage that could weaken their performance; they operate with a mental toughness to bring home the gold. One trader knows both challenges: Connie Brown, who was at one time a world-class swimmer, and who is today a professional trader as well as the author of the work Aerodynamic Trading. Stocks \u0026amp; Commodities Editor Thom Hartle interviewed Brown via telephone on March 24, 1997, about trading, the similarities to athletic competition and other topics.\u003cbr\u003e\u003cbr\u003eQ: So did you come right out of school and jump into trading?\u003cbr\u003e\u003cbr\u003eA: No. My business career began with Eastman Kodak. I was first hired as a sales representative and had various positions throughout my 11 years there. By the time I finally resigned from Kodak, I was a brand manager with responsibilities for Kodaks professional color films. That was back in the days when the Hunt brothers had such an impact on the silver market.\u003cbr\u003e\u003cbr\u003eQ: So you were aware of the Hunt brothers and the silver market before you actually got into the market?\u003cbr\u003e\u003cbr\u003eA: Definitely! Silver is a major cost factor in manufacturing film, so I became very interested in the futures markets. Of course, I didnt know very much about the markets, but I started asking a lot of questions, and my interest grew into a passion. Soon, I found I was working on my charts most of the night and on the marketing plans by day. Something had to go. I was still very young at the time, and the prospect of living in Rochester, NY, for the rest of my working days, well ","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133794840945,"sku":"\\V15\\C06\\ONTHEAE.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_57f341f1-8c8a-4d82-8445-3e34b193403f.jpg?v=1739652698"},{"product_id":"v15-c10-analysi-pdf","title":"V.15:10 (453-460): Analysis in Action: Tushar Chande by Thom Hartle","description":"Tushar S. Chande is a familiar name to regular Stocks \u0026amp; Commodities readers, as he's contributed any number of solid, well-researched and thoughtful technical articles over the years and has been a Contributing Editor for the past few. His background, like so many others, wasn't financial when he started out; he started out as an engineer before being bit by the trading bug before eventually ending up as a Commodity Trading Advisor in Chicago. Having evolved into a money manager, Chande has keen insight into trading system development. To conduct this interview, S\u0026amp;C Editor Thom Hartle and Chande exchanged a series of questions and answers via E-mail in late July 1997. What follows is the result. By Thom Hartle\u003cbr\u003e\u003cbr\u003eTell us something about your\nbackground.\nIve traveled the scenic\nroute to where I am today,\nfrom application-driven research \u0026amp; development\nat General Electric in\nSchenectady, NY, to working in the\nshadow of the Chicago Board of Trade.\nIn Chicago, I joined forces with two\npartners of a highly successful options\ntrading firm to create Tuscarora Capital\nManagement, a Commodity Trading\nAdvisor.\nWith stops in Ohio and Pennsylvania\nalong the way, right?\nThats right. When I was busy obtaining\nnine patents for laser-fiber transmission,\nI never imagined my quantitative\nbackground would find fertile soil\nin commodity trading. Along the way, I\nbecame a quant in financial engineering,\nacquired a masters in business\nadministration, wrote two books, de-veloped\na software package and learned\nto trade. I also had the good fortune to\nwork with Stanley Kroll, a master featured\nin John Trains Money Masters.\nIts been an enjoyable journey through a\npanorama of price charts and test results.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133794906481,"sku":"\\V15\\C10\\ANALYSI.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_25723fd7-31a9-418a-bf5f-672e4a38088a.jpg?v=1739652701"},{"product_id":"v15-c12-theinve-pdf","title":"V.15:12 (535-539): The Investor Preference Index by Cyril V. Smith Jr.","description":"This indicator, a long-term stock market investment tool,\ncompares the performance of the S\u0026amp;P 500 to the New York\nStock Exchange index to measure sentiment. The theory is\nthat investors have a preference for certain types of invest-ments, blue chips versus mid-cap, during phases of a bull\nmarket. See what this indicator says lies ahead.\u003cbr\u003e\u003cbr\u003eNo financial topic has evoked more\ninterest in recent years than predicting\nwhen the current bull market\nin stocks will end. On one side\nof the argument are the buy-and-hold\nadherents, whose methodology\nhas scored remarkable success\nsince the early 1980s. To\nthem, a correction may be inevitable\nbut immaterial, since the\nlong-term trend is up. Those on the other side of the argument\n the market timers have attempted to call when the bull\nmarket high will occur, but have had little success to date.\nMarket experts have attempted to call the top based on the\nprice series alone, using such techniques as Elliott wave\ntheory and chart formations, including the broadening top\npattern. An influential group has relied on traditional market\nguidelines such as price\/earnings ratios to point out that by\nthese standards, the market is overvalued and due for a\ncorrection. And some Wall Street gurus have relied on\nproprietary economic analyses to call a top. Late in 1996,\nFederal Reserve Board chairman Alan Greenspan used the\nterm bubble to characterize the current market.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133795004785,"sku":"\\V15\\C12\\THEINVE.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1a61d975-8c60-4e79-ac3f-be0e2a433bb3.jpg?v=1739652703"},{"product_id":"v15-c14-pr616-pdf","title":"V.15:14 (616-619): CycleTrader, version 2.0 by Barbara Star, Ph.D.","description":"CycleTrader, version 2.0 (Bressert Group) by Barbara Star, Ph.D.\u003cbr\u003e\u003cbr\u003eMost traders dream of\ncatching price tops and\nbottoms on a consistent\nbasis, and CycleTrader\nhelps traders do just that.\nThe brainchild of Walter Bressert, well\nknown for his work in the field of cycle\nanalysis, CycleTrader integrates the\nconcepts he developed and advocates in\nhis book, The Power of Oscillator\/Cycle\nCombinations. CycleTrader combines spectral analysis with oscillators,\ntiming\/trading bands and trade entry\nsignals to locate potential buy and\nsell turning points. The program\nworks in any time frame and can be\nused with stocks, commodities, indi-ces\nand mutual funds.\u003cbr\u003e\u003cbr\u003eRather than create a standalone\nprogram, Bressert joined the growing ranks of software developers who\ndevise value-added programs that run\nonly within certain financial charting\npackages. In this case, Omega Researchs\nTradeStation and SuperCharts provide\nthe engines that power CycleTrader. This\napproach holds some pluses, such as\nreducing the learning curve for current Omega software users and enabling the\nproduct developer to maintain control over\nproprietary formulas by storing them in\nlocked files. The downside, of course, is\nthat the program remains unavailable to\nnonOmega software owners.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133795037553,"sku":"\\V15\\C14\\PR616.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_406b6cf0-8f50-4013-94c3-672934ee7725.jpg?v=1739652706"},{"product_id":"v15-c09-identif-pdf","title":"V.15:9 (383-389): Identifying Significant Chart Formations by Daniel L. Chesler","description":"Before computers became commonplace, technical\ntraders spent most of their time studying their charts,\nlooking for consolidation and reversal patterns. Today,\nmany traders have moved away from using\nclassic chart patterns to methods based on quantifiable\nindicators. Here, the two disciplines are combined,\nusing chart analysis and basic indicators to\nidentify trading opportunities.\u003cbr\u003e\u003cbr\u003eDespite the growth in mechanical\nsystems trading over the past\ndecade, classical chart pattern\nanalysis continues to enjoy a\nwide following. For example,\nRobert Edwards and John Magees Technical Analysis\nof Stock Trends, considered to be the bible of\nclassical charting, remains one of the all-time best-sellers\nin the field of technical analysis. Last years\nDow Jones Telerate seminar in New Orleans featured\nno less than six speakers on the topic of classical chart\npatterns, including two institutional traders who run\nproprietary currency trading desks. And in 1995, the\nNew York Reserve Bank undertook an investigation\nof the predictive powers of the venerable head-and-shoulders\nchart pattern. Their research found that the\nhead-and-shoulders pattern yielded significant ex-cess\nprofits in select currency markets. Among their\nexplanations for this phenomenon was that a sufficient\nnumber of traders who recognize the pattern\ninvariably trade it, thus driving prices in the expected\ndirection. And finally, over the past several years\nthere has been a swell of interest and investigation\ninto Wyckoff charting principles, as has been seen in\nSTOCKS \u0026amp; COMMODITIES and various publications.\nClearly, charting, the blue-collar approach to technical\nanalysis, is alive and well.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133797658993,"sku":"\\V15\\C09\\IDENTIF.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bfccdfc0-d4b3-4f4a-86ac-de590625060f.jpg?v=1739652770"},{"product_id":"v15-c13-q600-pdf","title":"V.15:13 (600-601): Quick Scans: The Pitbull Investor by John Sweeney","description":"The Pitbull Investor (IMF Corporation). Manual detaililng a simple trading strategy. by John Sweeney\u003cbr\u003e\u003cbr\u003eThe Pitbull Investor bills itself\nas a disciplined tactical\nstock investment system.\nMy opinion? Strike the investment\nnotion: This is\ndelightful speculative material.\nIts a simple approach\nshooting for 200% return on\ninvestment. Plus, at $50 for\nthe idea and the procedure,\nits quite cheap in these days\nof $3,500 trading systems.\u003cbr\u003e\u003cbr\u003eSo is it worth $50? In the\ncurrent bull market, the return\non your investment is likely to be much greater than $50. If\nyou dont like the buy side, you can also\npick up IMFs manual on short selling\nfor $60. Whats attractive about Pitbull\nis it presents a straightforward approach\nto combining fundamentals and buying\nmomentum. Of course, the day will\ncome when momentum will no longer\nbe the easy way to trade, but when that\nday comes, this system simply wont\ncome up with many stock picks. When\nthat happens, youll need to have the\nshort-selling system running.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133797691761,"sku":"\\V15\\C13\\Q600.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f47d98f6-03f0-46db-bfc1-05e99b917256.jpg?v=1739652772"},{"product_id":"v15-c09-therela-pdf","title":"V.15:9 (423-425): The Relative Strength Index (RSI) by John Sweeney","description":"Here, one of the most popular indicators found in most\nanalytical software packages is explained.\u003cbr\u003e\u003cbr\u003eWhen the relative strength index\n(RSI) became popular in the\n1980s, it was touted as the indicator\nthat led every turn in the\nmarket. Indeed, for certain futures\ncontracts, financials and\ncurrencies, it could be prescient:\nIn those markets, it had the peculiar\nability to turn just as the\nfinancials would find a level of support or resistance before\ntaking off to another price level.\nOn other items, say, pork bellies or corn or cocoa, it would\nape the price swings precisely. However, on trending prices,\nit would go up the limits of its excursion and bounce around\nthere for weeks or months until the trend finally reversed. For stocks, its performance could be all over, depending on the trading characteristics of the stock in question.\nClearly, this was an indicator with promise but tricky\nimplementation.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133800116593,"sku":"\\V15\\C09\\THERELA.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f3688365-ed0d-4dd7-a7ff-2ba2c22d32e8.jpg?v=1739652794"},{"product_id":"v15-c04-trading-pdf","title":"V.15:4 (187-189): Trading in the Moment by Adrienne Laris Toghraie","description":"Trading in the Moment by Adrienne Laris Toghraie\u003cbr\u003e\u003cbr\u003eYou don't have choices regarding the past, but you do have choices regarding your future. Here are some ideas about how you can change your perception of the future.\u003cbr\u003e\u003cbr\u003eWhen a trader lets his imagination take hold instead of concentrating on what the market is actually doing, it can affect his trading decisions. Trading in the moment, without wishful wishing about where the markets may go or negative thinking, is the only way a trader can get the support that he needs to follow his own rules. You may be familiar with these mindsets, mindsets that assume an outcome because of some unfounded assumption or belief:\u003cbr\u003e\u003cbr\u003e Everything comes in threes. This has to be a good trade because two good things happened today.\u003cbr\u003e\u003cbr\u003e Id better get out before the big boys hit my stop.\u003cbr\u003e\u003cbr\u003e Im always in the opposite direction of the right move.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133801197937,"sku":"\\V15\\C04\\TRADING.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_75f18fed-689b-4dad-b14e-21cf7c6c521f.jpg?v=1739652823"},{"product_id":"v15-c14-pr631-pdf","title":"V.15:14 (631-632): ULTRA Market Advisor, version 4.13 by John Sweeney","description":"ULTRA Market Advisor, Version 4.13 for Windows (ULTRA Financial Systems). Collection of timing systems for stocks, bonds and gold. by John Sweeney\u003cbr\u003e\u003cbr\u003eIf youre a market timer (and\nwhat technician isnt?), you\nmight appreciate a collection\nof timing tools gathered from\nheavy thinkers in the field. Expanding his\nreach, timing enthusiast Steve Hunter offers\nsuch a collection in the latest version\nof his market timing software package,\nThe ULTRA Market Advisor. Although\nits targeted at institutions, money managers\nand sophisticated (that is, well-financed)\ninvestors, its priced for the\nmasses. Hunter has assembled 40 of his\nfavorite trading systems, many of which\nwere originally published elsewhere,\nand programmed them based on\nbacktests against the DJIA, S\u0026amp;P 500,\nOTC, Value Line, NYSE, the Dow Jones\n20 bonds and the Gold Mining Index\n(GMI). You can tweak the trading parameters\nin some of the systems, but not\nall, and you can easily get respectable signals from those provided.\u003cbr\u003e\u003cbr\u003eThe ULTRA Market Advisor has expanded\nsince we last reviewed it in February\n1994. Now it includes the gold and\nbond markets as well as equities. Moreover,\nthe rules for calculating the indicators\nand buy\/sell signals are disclosed,\nallowing you to check your results. Trading\nfrequency ranges from years to weeks.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133802770801,"sku":"\\V15\\C14\\PR631.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_d729bf0f-7f5f-4db0-b76f-58a0b3c505db.jpg?v=1739652857"},{"product_id":"v15-c04-seasona-pdf","title":"V.15:4 (162-169): Seasonality and Trading by Jeffrey Owen Katz, Ph.D., with Donna L. McCormick","description":"Seasonality and Trading by Jeffrey Owen Katz, Ph.D., with Donna L. McCormick\u003cbr\u003e\u003cbr\u003eThis month, this trader and consultant looks at seasonality as the basis of a trading system.\u003cbr\u003e\u003cbr\u003eMy search for successful systems began with the brute-force application of neural network technology. I wanted to see if I could get a profitable trading system by using neural networks to generate trading signals based simply on recent price changes. As I anticipated, I found that this simplistic approach does not work very well. I then moved to simple rule-based systems, initially working with rules rooted in theory (for example, the thrust-retracement hypothesis). This provided better results: The systems worked but were not particularly tradable because the per-trade profit was on the small side. However, the results encouraged me enough to proceed with a more complex data-mining approach to rules. Instead of using rules based purely on theory, I let a genetic algorithm (GA) find the rules parameters (the lookbacks and thresholds) in a simple price-comparison model. I obtained better results, more tradable than the previous system, but still not ideal.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133803655537,"sku":"\\V15\\C04\\SEASONA.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bb0394ee-d7fe-4ce9-ab25-0e4408d9d0ef.jpg?v=1739652885"},{"product_id":"v15-c14-pr671-pdf","title":"V.15:14 (671-673): Product Review: Minitab Statistical Systems by John Sweeney","description":"Minitab Statistical Software, Release 11 (Minitab, Inc.). Statistical analysis software. by John Sweeney\u003cbr\u003e\u003cbr\u003eUncertainty numbs the\nmind, whereas statistics\nhave a way of numbing\nthe mind to uncertainty.\nThis uncertainty reduces\nus to an irrational state of anxiety,\nwherein we imagine that the tools we\nemploy will somehow exert control over\nthe uncontrollable. Traders constantly\nsearch for the secret rules that will tell\nthem what will happen tomorrow, and\nthey continue to search until they burn\nout or begin to grasp the concept of\nprobability. As the grasp becomes firmer\non that concept, the notion of chances\nand odds becomes real, and at that point,\na trader might turn to statistical software to create a picture of the behavior\nof the beast with which he dances.\u003cbr\u003e\u003cbr\u003eOf several university packages for\nstatistical analysis, Minitab is among\nthe most popular. Designed originally\nfor statistical instruction, bulked the contributions over the years from\nthousands of users and commercialized\nnow for 13 years, Minitab is supported\nby more than 500 statistics\ntexts and is ubiquitous in academia\nand commerce.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133803852145,"sku":"\\V15\\C14\\PR671.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6706efac-5308-4d38-8fa8-d6ca264d6016.jpg?v=1739652888"},{"product_id":"v15-c11-theweek-pdf","title":"V.15:11 (516-521) The Weekly Reversal by Thomas Bulkowski","description":"What's a weekly reversal and how does it work? Here's a refresher on this intriguing formation.\u003cbr\u003e\u003cbr\u003eMaybe youve felt it. Every once in\na while, you feel really good.\nYou begin to believe that you know\neverything there is to know about\na subject. You know thats not\ntrue, but the feeling persists. And\nsuch was the case when I started\nreading analyst John Murphys\nlatest work, The Visual Investor.\nAfter reading the first chapter,\nhowever, I knew I was wrong; I didnt know everything there\nwas to know about technical analysis. I discovered weekly\nreversals. So what are they and how well do they really work?\nI decided to find out.\u003cbr\u003e\u003cbr\u003e\nWHATS A WEEKLY REVERSAL?\u003cbr\u003e\u003cbr\u003e\nMurphy defines a weekly reversal and shows two examples:\nThe weekly reversal is another simple market formation thats\nworth looking out for. An upside weekly reversal occurs during\na market decline and can be seen only on a weekly bar chart. A stock starts the week with a lot of selling and usually breaks\nunder some type of support level. By weeks end, however,\nprices have turned dramatically upward and close above the\nprevious weeks price range. The wider the weekly price bar, and\nthe heavier the trading volume, the greater the significance of the\nturnaround.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133805752689,"sku":"\\V15\\C11\\THEWEEK.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bee748c8-dba9-4c99-a0c0-30da388ef290.jpg?v=1739652947"},{"product_id":"v15-c13-q589-pdf","title":"V.15:13 (589): Quick Scans: Topline Encyclopedia of Historical Charts by John Sweeney","description":"Topline Encyclopedia of Historical Charts (Topline Investment Graphics) by John Sweeney\u003cbr\u003e\u003cbr\u003eJohn Carder is a self-described nitpicking\nperfectionist who decided that\nthe charts he was making for himself\nwere the proper way to display investment\ninformation, and others might find\nthem of interest as well. A disciple of\ngraphic design guru Edward R. Tufte, he\nwas producing log-scale charts of most\nconceivable historical series when his\nwork came to the attention of the newsletter\nindustry. The result? Since 1988,\nCarders charts have shown up in a variety\nof newsletters ranging from the Elliott\nWave Theorist to the Gold Stock Analyst.\u003cbr\u003e\u003cbr\u003eHavent you ever wanted to compare\nMoodys Aaa bonds, PPI, Moodys Baa,\ncommercial paper, and Moodys Baa\nBonds Real Yields? Since 1928? If you\nhave, Topline Investment Graphics can\ngenerate the chart for you on demand.\nAnd now theyve taken that expertise\nand brought it to the retail sector.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133808701809,"sku":"\\V15\\C13\\Q589.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c4cfa258-c3ef-4517-9d5c-93f473c96986.jpg?v=1739652981"},{"product_id":"v15-c11-usingfi-pdf","title":"V.15:11 (477-482) Using Fibonacci Ratios and Momentum by Thom Hartle","description":"Don't buy it here, but wait for a pullback. Are you familiar with that piece of sage advice? Or what about \"I would wait and sell on a bounce\"? What does this really mean? Where and when do you act? Here's one technique for calculating retracement levels using that tried-and-true favorite Fibonacci ratios, as well as using momentum to define the trend.\u003cbr\u003e\u003cbr\u003e\nMarkets trend in a zigzag manner:\nrallying, leveling off, and surging\nagain, only to be hit by a\nwave of profit-taking before settling\ninto a trading range, awaiting\nthe next reason to advance or retreat. This activity\ncarries on in the general direction of the trend, easily\nseen on a price chart. Technically, the trend should be\nconsidered up as long as the market unfolds with a\nseries of higher lows and higher highs. Similarly, the\ntrend is considered down if the price action is a series\nof lower lows, with lower highs before each new low.\nA market is considered not to be in a trend if the price\nmovement manifests itself in a series of fits and starts\nor if it fails to sustain levels beyond the previous\nextreme points, often reversing and forming the range.\nDuring an uptrend, good traders will buy the pull-backs,\npositioning themselves with the trend, taking\nadvantage of the markets tendency to ebb and flow.\nWhen the market is in a downtrend, however, the strategy\nis to sell rallies, awaiting for the downtrend to resume.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133809586545,"sku":"\\V15\\C11\\USINGFI.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7ba84197-b355-47e1-93bd-8ba2ab118f4d.jpg?v=1739653006"},{"product_id":"v15-c07-rainbow-pdf","title":"V.15:7 (289-297): Rainbow Charts by Mel Widner, Ph.D.","description":"Here's a way that traders can use color for a visual cue about changes in trends\u003cbr\u003e\u003cbr\u003eRepeated smoothing of data gives a spectrum of trends that, when plotted in color, have the appearance of a rainbow. Observe them all, pick your time frame, and act accordingly. The rainbow oscillator, a trendfollowing oscillator, is derived from a consensus of the trends.\u003cbr\u003e\u003cbr\u003eIs there a pot of gold at the end of the rainbow? A fanciful and rhetorical question, but one that may in the final analysis have some truth. One approach to finding gold is momentum tracking and trend-following. Trend-following is a common, if not the most common, timing method used by traders and investors. In a perfect world, with smooth, continuous data, it would be easy to determine the direction of the price movement, open a position, hold it until the conditions change and then close the position. The underlying premise is that prices have momentum and inertia and will continue in the same direction until something occurs fundamentally to change that.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133812994417,"sku":"V15C07_RAINBOWPDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_09b58b79-1327-4daf-ba5f-c7dff98e2f42.jpg?v=1739653084"},{"product_id":"v15-c03-onbuild-pdf","title":"V.15:3 (116-121): On Building Point \u0026 Figure Charts by Daryl Guppy","description":"On Building Point \u0026amp; Figure Charts by Daryl Guppy\u003cbr\u003e\u003cbr\u003ePoint \u0026amp; figure charting is one of the classic techniques of technical analysis. Here's a refresher look at the basics.\u003cbr\u003e\u003cbr\u003ePoint and figure (P\u0026amp;F) charting concentrates on price and its changes by eliminating other elements such as time and volume. Key chart features such as support, resistance and trendlines emerge clearly, suggesting entries based on breakout of trading ranges; risk management levels due to trendline breaks; and profit targets using counts. The technique is popular because it is simple. Point \u0026amp; figure charting uses price data with minimum manipulation, making the charts easy to draw by hand on paper or on a spreadsheet. The P\u0026amp;F chart can tell me if Im wasting time in considering a trade. Like a pedestrian crossing light, it flashes instructions: walk, dont walk; trade, dont trade. The P\u0026amp;F approach works equally well with liquid and thinly traded stocks. In any time frame, the support, resistance and trendlines are very clear, so traders can use P\u0026amp;F to build a short list of the best trading opportunities. Some charting software use manipulated price information such as percentage differences between closes. The result may obscure the very essence we seek when we turn to P\u0026amp;F charting.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133813846385,"sku":"\\V15\\C03\\ONBUILD.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_04b7be34-f466-470e-a927-b2084e54a33e.jpg?v=1739653107"},{"product_id":"v15-c09-thebasi-pdf","title":"V.15:9 (390-396): The Basics of Managing Money by Mark Vakkur, M.D.","description":"Why is money management one of the first items that profes-sional traders stress? Why would you think? Heres an\noverview of risk and several simple mechanical approaches\nto money management.\u003cbr\u003e\u003cbr\u003ePreserving capital is essential to\na traders long-term survival.\nThe only legitimate objective\nof trading or investing is to\nmake money; if you trade for the\nthrill of it, you are playing the\nworlds most expensive sport. The\nobjective of any money management\nsystem is simple: If followed,\nit will force you to cut\nlosses short and let profits run.\nMost novice traders and the bulk of todays mutual fund\ninvestors approach any decision with one question on their\nminds: What is my expected gain? They fail to ask a question\nthat is far more important but is often overlooked: What is my potential loss? If your potential loss on a trade equals half your capital, two bad consecutive trades will wipe you out.\nIf given the choice between avoiding a loss or participating\nfully in a gain, our first impulse is often to choose the latter\nover the former. But is that the better choice? Avoiding losses is far more important to long-term performance than making big profits because of two basic mathematical principles:\u003cbr\u003e\u003cbr\u003e1. The more your account or portfolio grows, the greater\ndollar impact a given percentage decline will have on\nyour equity.\u003cbr\u003e\u003cbr\u003e2. It takes a far greater percentage gain to make up for a\ngiven percentage loss.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133816893809,"sku":"\\V15\\C09\\THEBASI.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_82ab0f7f-c31b-4dc3-98a9-03083c20e701.jpg?v=1739653221"},{"product_id":"v15-c04-bondspr-pdf","title":"V.15:4 (158-161): Bonds, Price Momentum and Trends by Alex Saitta","description":"Bonds, Price Momentum and Trends by Alex Saitta\u003cbr\u003e\u003cbr\u003eA market trends, and then consolidates, before either resuming the trend or reversing. Is there any way that a technical trader can get a hint about which outcome, the reversal or the continuation, is more likely? This market analyst offers his method for finding out.\u003cbr\u003e\u003cbr\u003eOne of the first guidelines technical traders learn is The trend is your friend. Then you begin to realize the trend is your friend until it reverses. At that point, it becomes someone elses friend and your enemy. So, soon thereafter you find yourself asking, Are there signs\nthat occur before a price trend ends? After all, knowing what usually takes place before a trend ends could be of utmost importance to the trend-follower.\u003cbr\u003e\u003cbr\u003eArmed with this knowledge, the trend-follower could conceivably determine whether a countertrend move is a correction or not, and make the appropriate decision.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133817385329,"sku":"\\V15\\C04\\BONDSPR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_0225a627-8c58-471e-bfa9-d2410a70ada9.jpg?v=1739653241"},{"product_id":"v15-c12-revers-pdf","title":"V.15:12 (568-571): Reverse Divergences and Momentum by Martin J. Pring","description":"An oscillators failure to confirm the higher high or the lower\nlow of the market is a red flag to most technical traders. Is\nthere a message when the price diverges from the indicator?\nThis veteran technician thinks there is.\u003cbr\u003e\u003cbr\u003eTechnical analysts are constantly\ncomparing prices and indicators\nto see whether they are moving in\ngear or if there are discrepancies.\nIts when discrepancies appear\nthat an alert to a probable change\nin trend is given. Most traders are\nfamiliar with the concept of momentum\nindicators experiencing\npositiveandnegativedivergences\nwith price. For instance, as you can see in Figure 1, momen-tum\nmakes a series of declining peaks as the price works its\nway higher. This indicates that the underlying momentum is\ngradually dissipating, signaling that a peak in the price may be\nat hand. The opposite set of conditions would be true for a\ndeclining trend. The problem with divergences is that you never\nknow how many to expect prior to the actual trend reversal.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133818859889,"sku":"\\V15\\C12\\REVERS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ee4a1813-c6b9-414a-887b-c7f4e961ce8a.jpg?v=1739653296"},{"product_id":"v15-c08-theturb-pdf","title":"V.15:7 (337-346): The Turbo A\/D, NH Market System by Dennis Meyers, Ph.D.","description":"The Turbo A\/D, NH, NL Market System\u003cbr\u003e\u003cbr\u003eThis Contributing Editor has looked into using the\ninternal market statistics to generate stock market\ntrading signals. Here, he upgrades one of his previously\npublished market timing systems and discusses optimization strategies.\u003cbr\u003e\u003cbr\u003eIn the January 1997 STOCKS \u0026amp; COMMODITIES, I presented a\nstock market timing system that uses the daily advancing-declining issues, the Dow Jones Industrial Average (DJIA)\nand the daily new highs and new lows on the New York Stock Exchange (NYSE) as its bases for generating signals. That model developed a relative strength indicator (ADRrs) that compared a Dow Jones strength (DJstr) indicator to an advance-decline issues strength (ADRstr) indicator. ADRrs was simply defined as ADRstr minus DJstr.\u003cbr\u003e\u003cbr\u003eHowever, this relative strength formulation had a\nproblem that I refer to as a lockout condition. Both the\nADRstr and the DJstr move between the values of -50\nand +50. The problem occurs when the DJstr moves before the ADRstr instead of after. In a sustained upmove or downmove, the DJstr locks at its extreme of +50 or -50 first and then the ADRstr catches up and locks at its extreme of +50 or -50, producing an ADRrs locked at zero. Since ADRrs must be equal to or greater than +4 to issue a buy signal or -40 to issue\na sell signal, the lockout prevents the model from issuing a timely signal when the DJstr moves strongly before the ADRstr. Although I minimized the lockout problem in subsequent work, well take another approach and develop a new market model using the advancing and declining issues and volume, new highs and new lows.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133822759281,"sku":"\\V15\\C08\\THETURB.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6ae8ef6b-911b-42ff-be93-4b304c3f6073.jpg?v=1739653329"},{"product_id":"v15-c14-pr681-pdf","title":"V.15:14 (681-682): Product Review: OpCalc Professional 3.50 by John Sweeney","description":"OpCalc Professional 3.50 (Austinsoft, Inc.). Value-priced software for equity and futures options analysis and trading recommendations. by John Sweeney\u003cbr\u003e\u003cbr\u003eOpCalc Professional 3.5 is\na quick position calculator\nthat uses data from a\nSignal data server, or imports\n but does not download its data from an Internet\ndownload or spreadsheet export file.\nOnce it gets its data and your outlook, it\ncan generate recommended trades for\nstocks, futures or indices rated by return\non investment (ROI) and restricted by\nrisk assessment. Trades that are selected\ncan be put into a position-monitoring\nmodule that shows both the total position\nand all the legs.\u003cbr\u003e\u003cbr\u003eGetting from here to there, though,\ncan be something of a challenge. Though\n3.5 sports a spiffy interface and a seamless\nhookup to a running Signal for\nWindows server, it is not capable of\nsolving some problems that come with\nSignals options quote system.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133822890353,"sku":"\\V15\\C14\\PR681.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a505ef46-001f-45d0-8134-f4e3babcb471.jpg?v=1739653332"},{"product_id":"v15-c02-thefund-pdf","title":"V.15:2 (91-95): The Fundamentals of Sector Rotation by Paul and Carole Huebott","description":"The Fundamentals of Sector Rotation by Paul and Carole Huebott\u003cbr\u003e\u003cbr\u003eMaintaining an optimized portfolio of strong blue-chip stocks is one way to invest. Here are the basics of how stock groups move through a typical business cycle.\u003cbr\u003e\u003cbr\u003eOur new Dow strategy, described in the August 1996 STOCKS \u0026amp; COMMODITIES, is a formula system operating on the sector rotation principle. But sector rotation can also be practiced on fundamentals. Heres how.\u003cbr\u003e\u003cbr\u003eEach issue of Barrons provides market performance data on 96 industries in nine industrial groups. These groups are sometimes called sectors, and we use the two terms interchangeably.\nOne of Barrons nine groups contains only the\nconglomerates companies involved in many industries and probably more than one industrial group. For our purposes, however, lets forget about the conglomerates. Some of them may be great investments from time to time, but they dont lend themselves to the sector rotation strategy of investment.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133823807857,"sku":"\\V15\\C02\\THEFUND.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_2b630d15-ae9f-41c4-9bba-1a6e772b929e.jpg?v=1739653346"},{"product_id":"v15-c14-pr625-pdf","title":"V.15:14 (625-628): Value Line Fund Analyzer, version 1.1  by John Sweeney","description":"Value Line Fund Analyzer, version 1.1. Mutual fund selection and monitoring software withupdates from Value Line. by John Sweeney\u003cbr\u003e\u003cbr\u003eMutual fund selection,\nsorting, ranking and\nportfolio tracking is the\nfocus of the Value Line\nFund Analyzer. Updated\nmonthly, the Windows-based software\nprovides complete data on more\nthan 5,800 mutual funds (but not the\nValue Line funds) and examines all that\ninformation by user-selectable criteria.\nThe criteria you can use are truly voluminous\n(see sidebar, Criteria), and\nsome are unique from what Ive seen of\npublic mutual fund analysis software.\nYou can get the information on diskette\nor CD-ROM, and both media are updated\nby a proprietary online service.\nData included goes back 10 years.\u003cbr\u003e\u003cbr\u003eBehind the scenes are, Value Line\nsays, more than 100 analysts, statisticians\nand economists using objective\nanalytic methodologies, tracking both\nthe mutual funds and their related stocks.\nThis force, built up since 1931, not only\npublishes the famous Value Line Reports but runs mutual funds and does\nasset management for retirement and\nendowment accounts. This assemblage\nnow puts out the CD and online versions\nand, indeed, you can get a portable\ndocument format version of the Value\nLine Mutual Fund Survey printed pages\n(Value Line refers to them as E-pages)\nfor an extra $100 per year.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133826036081,"sku":"\\V15\\C14\\PR625.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_030d56df-2f3d-434b-8e10-4e92a7f24c02.jpg?v=1739653422"},{"product_id":"v15-c14-pr696-pdf","title":"V.15:14 (696-699): Product Review: Performance Summary Plus\/Portfolio Evaluator by John Sweeney","description":"Performace Summary Plus\/Portfolio Evaluator, Verson 2.1, Revision 86 (RINA Systems, Inc.). Software for analyzing trading system or market performance and for highlighting areas for improvement. Requires TradeStation or SuperCharts. by John Sweeney\u003cbr\u003e\u003cbr\u003eReading a trading system\nperformance summary can\nbe dry work. As more and\nmore systems produce\nmore and more elaborate\nsummaries, the work becomes truly stultifying.\nSometimes you must drive\nthrough ranks of measures and statistics\nthat have been computed at the request\nof someone, sometime, somewhere, but\nthe summary results can lack an overall\ntheme or paradigm for easy performance\nanalysis. Getting your results into a format\nthat really helps you modify your\nsystem or practices can be a challenge.\u003cbr\u003e\u003cbr\u003ePortfolio Evaluator from RINA Systems\n(RINA stands for Research Investments\nAnalytics) doesnt beat all these\nissues, but as a comprehensive performance analysis package, it certainly\nhelps the user to start identifying what\ncounts and what to use. The package\nactually contains two levels of software,\nmoving from basic to advanced:\nPerformance Summary Plus Professional\nand Portfolio Evaluator, and you\nchoose which level of software you\nwant to register for and purchase. I took\na look at the highest-level software,\nPortfolio Evaluator. Performance Summary\nPlus Professional allows you to\nevaluate your trading system on one\nmarket, while Portfolio Evaluator gives\nyou the ability to test your trading system\non many markets combined, as well\nas individual markets. Portfolio Evaluator\nalso allows you to combine several\ntrading systems to analyze their joint\nperformance.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133826068849,"sku":"\\V15\\C14\\PR696.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_355c46bf-5ce3-47f8-9825-7de3328a15ae.jpg?v=1739653425"},{"product_id":"v15-c07-parabol-pdf","title":"V.15:7 (329-331): Parabolics by John Sweeney","description":"Heres a look at the parabolic trading system, with details on the way it works and how its calculated.\u003cbr\u003e\u003cbr\u003eby John Sweeney\u003cbr\u003e\u003cbr\u003eFew books have produced as many indicators of lasting value\nas J. Welles Wilders New Concepts in Technical Trading Sys-tems. From that single text came the volatility index, the directional movement index, the relative strength index and the parabolic system, among numerous others. Even today, these four are staples of virtually every technical analysis toolbox after all these years because their robust simplicity gets directly to the concepts that percolate in traders minds upon viewing a chart.\u003cbr\u003e\u003cbr\u003eOne of the most robust in the sense of simplicity,\nintuitive appeal and effectiveness is the parabolic time\/\nprice system, as Wilder referred to it. He named the system so because the curved lines resulting from his computations\nresembled a parabolic (or French) curve, though they were\nnot true parabolas. It was within the conventions of the period to give indicators zippy, if inaccurate, names stochastics being a similar example.\u003cbr\u003e\u003cbr\u003eWilder presented the indicator as a part of a stop-and-reverse (SAR) system that is, you used the indicator to go\nlong or short so you were constantly in the market. Thus, it\nwas designed to be a trading indicator, not something to be\nused for entering into long-term positions. A look at Figure\n1 will reinforce that idea.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133827182961,"sku":"\\V15\\C07\\PARABOL.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ccb243e5-39b6-430b-849a-5ac2138c4064.jpg?v=1739653456"},{"product_id":"v15-c05-walkfor-pdf","title":"V.15:5 (199-205): Walk Forward With the Xau Bond Fund System by Dennis Meyers, Ph.D.","description":"Walk Forward With the Xau Bond Fund System by Dennis Meyers, Ph.D.\u003cbr\u003e\u003cbr\u003eThe system developer has various optimization techniques to choose from. Here, Contributing Editor Dennis Meyers updates his previous work using the walk-forward optimization method.\u003cbr\u003e\u003cbr\u003ePreviously, I examined the relationship between the\nPhiladelphia Stock Exchange (PHLX) daily gold\nand silver stock index (XAU) and the Fidelity Long-Term Government Bond Fund (FGOVX). In that article, I used a walk-forward optimization technique to determine the system parameters. The data window for the research began on December 19, 1983, and ended December 31, 1995. This article will update the system parameters with a data window ended December 31, 1996.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133828788593,"sku":"\\V15\\C05\\WALKFOR.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ca56f09a-b9f3-46e6-9784-439be01ede57.jpg?v=1739653489"},{"product_id":"v15-c13-q598-pdf","title":"V.15:13 (598): Quick Scans: Campaign Trading by Thom Hartle","description":"Campaign Trading, Tactics and Strategies to Exploit the Markets (John Sweeney) by Thom Hartle\u003cbr\u003e\u003cbr\u003eAmong traders, every novice hears, every\nstudent learns and every veteran knows:\nCut your losses and let your profits run. It\nsounds so simple, yet following this adage\nrequires more than just serious thought:\nIt mandates serious analysis.\u003cbr\u003e\u003cbr\u003eAm I referring to the Freudian version\nof analysis, delving into the personality\nof the trader? Not quite. It would\nbehoove us instead to study the personality\nof our trading systems. You probably\ndidnt even realize that your system\nhad a personality, did you? Well, it does. Your system responds to events in\nthe marketplace with a certain degree of\npredictability. ...","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133828821361,"sku":"\\V15\\C13\\Q598.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ce0d2f7f-61fd-40d1-823b-2475174d8714.jpg?v=1739653491"},{"product_id":"v15-c14-pr633-pdf","title":"V.15:14 (633-637): AIQ TradingExpert, version 3.21 by John Sweeney","description":"AIQ TradingExpert, Version 3.21 for Windows (AIQ Systems). Software to screen and time the trading of stocks and the overall market. by John Sweeney\u003cbr\u003e\u003cbr\u003eAIQ TradingExpert for\nWindows combines rules\nfor the general market\nand rules for stocks into\none program for screening\nyour stock universe and timing trades\nin the indices or issues. It also provides\nfacilities for group and sector analysis\nas well as full data handling, graphics\ndisplay and indicator selection.\u003cbr\u003e\u003cbr\u003eThe trading model isnt doing too\nbadly, either. A newsletter called The\nFund Alert edited by AIQ chief analyst\nDave Vomund held the 12th-ranked spot\nfor 1996 in Timer Digest and was rated\nfourth for the three-year period 1994\nthrough 1996. His relatively simple trading\nstrategies implemented since 1992\nhave showed annual compound growth\nrates in the 22% range through 1996.\u003cbr\u003e\u003cbr\u003eSince we last reviewed AIQ in November 1995, the program has evolved\nsteadily to bring in the ability to technically\n(though not fundamentally; that\ncapability is an $88 add-on) screen and\nevaluate entire sectors and groups of\nstocks just as you would an individual\nstock. Because this ability includes the\napplication of breadth measures (such\nas advance\/decline, TRIN, the high\/low\nindicator and the summation index), it\nmakes possible the application of expert\nrules to these groups and sectors,\nalong the lines used for the market and\nindividual stocks. This new feature also\nallows you to create lists of stocks that\nmimic the performance of, say, a mutual\nfund or some other target portfolio.\nThe expert rules used for groups and\nsectors can also be applied to your own\nspecified groups of stocks.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133828854129,"sku":"\\V15\\C14\\PR633.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7ecf9268-e672-49a4-a03a-03a562b768e7.jpg?v=1739653495"},{"product_id":"v15-c14-pr691-pdf","title":"V.15:14 (691-692): Product Review: Resampling Stats for PC or Macintosh by John Sweeney","description":"Resampling Stats for PC or Macintosh, (Resampling Stats, Inc.). Software to estimate distributions of sample statistics. by John Sweeney\u003cbr\u003e\u003cbr\u003eFirst of all, what is resampling?\nIn the case of\nResampling Stats software,\nit means using data or a\ndata-generating mechanism\nto randomly generate additional\nsamples. This is an important concept to\ntraders, because testing on existing data\nis sometimes limited to too few samples\nto generate a reliable result. Moreover,\nwith data resampling, the prices (and\nreturns) that are studied can be considered\nsamples from a greater universe of\npossible outcomes. If it were possible to\nhave a better picture of that universe\nfrom the data we do have, it would\ncertainly be advantageous.\u003cbr\u003e\u003cbr\u003eResampling Stats tries to get a better\npicture of that universe by repetitively\nsampling the data you have and building\na picture of the resulting distribution\nof a sample statistic of interest.\u003cbr\u003e\u003cbr\u003eHeres an example from the manual:\nSuppose you have a sample of 12 pigs weight gain. Graphically, they look like\nFigure 1. What Resampling Stats does is\ntake 1,000 12-pig samples by randomly\nselecting from the 12 numbers available.\n(Technically, this is known as with replacement.)\nThen it assembles the 1,000\nresamples of average weight gains into\nsomething that look like Figure 2. From\nthere, it shouldnt take traders long to\nconsider resampling trading results.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133828886897,"sku":"\\V15\\C14\\PR691.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a87b658f-6e71-4a9a-aa58-0aee67ba8266.jpg?v=1739653497"},{"product_id":"v15-c01-develop-pdf","title":"V.15:1 (26-34): Developing Systems With a Rule-Based Approach by Jeffrey Owen Katz","description":"Developing Systems With a Rule-Based Approach by Jeffrey Owen Katz\u003cbr\u003e\u003cbr\u003eThis month, Katz discusses a trading system he developed using a rule-based approach.\u003cbr\u003e\u003cbr\u003ePreviously, I explored the development of simple rule-based trading systems. Specifically, I looked at a rule-based system that revolved around a theory, the thrust-retracement hypothesis, about how the market functions. This time, Ill also explore rule-based trading systems, but rather than constructing a set of rules to reflect a hypothesis of market behavior, I will engage in data mining that is, empirically determining tradable rules. Ill use rules to capture patterns that are tradable, and once the patterns are identified, formulate a set of rules that empirically trades well. Im moving from hypothesis-based rule development to empirically based rule development, one step on the journey to the use of evolution-based techniques to create rule-based systems.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133830197617,"sku":"\\V15\\C01\\DEVELOP.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bf6de418-87e0-4cf9-abe6-e86888aa888a.jpg?v=1739653523"},{"product_id":"v15-c13-q593-pdf","title":"V.15:13 (593): Quick Scans: Net Worth by John Sweeney","description":"Net Worth, Creating and Maximizing Wealth with the Internet (Edward J. Renehan Jr.) by John Sweeney\u003cbr\u003e\u003cbr\u003eIf a publisher went on the Internet and\ntook screen captures from nearly all the\nfinancially related Web sites published\nin the US, surrounded them with some basic discussion on the subject that\neach addresses (for example, What is\na bond?) or with information about the\ncompany sponsoring each Web site,\nand published the collection of material\nas an encyclopedic reference to\ncreating and maximizing wealth on\nthe Internet, wouldnt readers love it?\nWouldnt most companies jump at the\nchance to be included in such a book?","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133831442801,"sku":"\\V15\\C13\\Q593.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7b595230-cada-4b93-9e10-cd7f75b793ee.jpg?v=1739653565"},{"product_id":"v15-c09-breakfa-pdf","title":"V.15:9 (397-400): Break Faster Than Rally? by Alex Saitta","description":"Do markets decline in value at a faster pace than they rally?\nThe question is put to the test using the Chicago Board of\nTrade Treasury bond futures contract.\u003cbr\u003e\u003cbr\u003eNearly all market analysts agree that the bull market in bonds began in 1981, when the price of the Treasury bond futures contract bottomed at 55-05 (Figure 1). There is, however, an array of disagreement as to when or if the bull market ever ended. In my opinion, the bull market for bonds ended in October 1993, when the futures contract peaked at 122-06. The primary reason for my bearish view? Since the October 1993 peak, the Treasury bond has declined at a faster rate than it has advanced. For example, during the October 1993 to November 1994 selloff (Figure 2), the average daily rate of change was -2.94 ticks (one tick is 1 \/32 , or $31.25 for one T-bond futures contract).\nDuring the November 1994 to January 1996 advance (Figure\n3), the daily rate of change was less, +2.78 ticks. During the January to June 1996 selloff, the daily rate of change was -4.59 ticks, while during the June to December 1996 advance, the daily rate of change was only +2.85 ticks (Figure 4). This indicates that sellers have been\nmore aggressive than buyers during the past three years, and\nhence, my market view that the long-term uptrend has been re-versed.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133832130929,"sku":"\\V15\\C09\\BREAKFA.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bfcc07ea-df31-4473-a1d6-edd301e43225.jpg?v=1739653587"},{"product_id":"v15-c04-thenewd-pdf","title":"V.15:4 (154-157): The New Dow Strategy in 1996-97 by Paul and Carole Huebotter","description":"The New Dow Strategy in 1996-97 by Paul and Carole Huebotter\u003cbr\u003e\u003cbr\u003eThe Dow dividend strategy - or, more idiomatically, the \"dogs of the Dow\" - has garnered a lot of attention lately. It, or one of its variations, has been the subject of at least five full-length books in the 1990s as well as countless articles. An August 1996 Stocks \u0026amp; Commodities article covered just this subject and included a theoretical explanation for the success of the Dow dividend strategy and its progeny. Here's an update.\u003cbr\u003e\u003cbr\u003eLife is not always kind. When we compiled the 1996 record of the new Dow strategy, we knew that another year like any of the last five would be too much to hope for. In those years, our system outperformed more than 95% of all mutual funds each year. From 1991 through 1995, a $10,000 investment based on the formula of the new Dow strategy grew to $35,203. Over this five-year period, the system outperformed both the Dow Jones Industrial Average (DJIA) and the traditional 10-stock version of the Dow dividend strategy each year.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133834195313,"sku":"\\V15\\C04\\THENEWD.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_d93cb0c2-387f-4335-879a-631a72fc9118.jpg?v=1739653661"},{"product_id":"v15-c08-usingst-pdf","title":"V.15:8 (347-352): Using Statistics with Trading Systems J.Katz, Ph.D.","description":"Using Statistics With Trading Systems: by Jeffrey Owen Katz, Ph.D., and Donna L. McCormick\u003cbr\u003e\u003cbr\u003eIn part 1, Katz and McCormick looked at the underpinnings\nof how statistics can help the trader determine the feasibility of a system. This month, in part 2, they explain the steps necessary to evaluate trading system behavior with the use of statistics.\u003cbr\u003e\u003cbr\u003eLast month, I laid the groundwork for how statistics can help the trader determine whether the per-formance of a system is due to chance, or if the trading model is valid. I explained how to use samples to make inferences about the populations from which they are drawn. Another issue I addressed was that of optimization improving system performance by adjusting its parameters until the system performs its best on what the developer hopes is a representative sample. If the result is sufficiently good or the sample on which it was based sufficiently large so as to bring the probability of getting something by chance alone down to a sufficiently small value, there may still be a very significant result, even if many parameters have been optimized.\u003cbr\u003e\u003cbr\u003eNext, I presented two examples. First, I optimized a system\non one sample of data (the in-sample data) and second, I ran\nthe system on another sample (the out-of-sample data), in\nboth cases calculating a variety of statistics. I used the lunar model trading system from my Lunar cycles and trading\nSTOCKS \u0026amp; COMMODITIES article, the TradeStation code for\nwhich can be found in Figure 1. I used the Standard \u0026amp; Poors\n500 index as the market, employing end-of-day, continuous\ncontract data. First, lets recap the two examples introduced\nin the last issue and the information pertinent to both, after which I will interpret the results.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133834785137,"sku":"\\V15\\C08\\USINGST.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_9fedc9d4-9656-47c6-97f2-59995d36732a.jpg?v=1739653687"},{"product_id":"v15-c02-genetic-pdf","title":"V.15:2 (73-82): Genetic Algorithms and Rule-Based Systems by J.O. Katz","description":"Genetic Algorithms and Rule-Based Systems by J.O. Katz\u003cbr\u003e\u003cbr\u003eThis trader and consultant uses a genetic algorithm to discover the best rules and parameters for a trading system.\u003cbr\u003e\u003cbr\u003ePreviously, I demonstrated that simple two-rule systems could be profitable. I used a genetic algorithm (GA) to discover the best parameters for the rules. Each rule had three parameters: two lookback periods and a threshold value.\u003cbr\u003e\u003cbr\u003eOther than the parameters, the rules remained constant. The GA was used only to determine optimal values for the lookbacks and the thresholds. What would happen if I allowed a GA to search, not only for the best parameters, but also for the best rules? The rules set forth in my January 1997 article, Developing systems with a rule-based approach, involved simple price comparisons. Perhaps I could achieve better trading results if I had, for example, one rule to make a price comparison, another rule to determine whether the moon is full and a third rule to check whether the small speculators index is greater than 90.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133835735409,"sku":"\\V15\\C02\\GENETIC.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_faa17c49-257a-44aa-ba67-8603d8c5286c.jpg?v=1739653730"},{"product_id":"v15-c11-thetbon-pdf","title":"V.15:11 (488- 496) The T-Bond Futures \u0026 Stock Market Breadth System by Dennis Meyers, Ph.D.","description":"Market timers develop models to decide when to be in the\nstock market and when to be out. These models can be based\non theories that range from simple technical analysis to\ncomplex econometric models. With that in mind, heres a\ntiming model based on the market performance of a particular\ninterest rate futures contract combined with a set of\ntechnical indicators.\u003cbr\u003e\u003cbr\u003eAccording to many market pundits,\nbuy and hold is the best\nway for an individual to create\nwealth from the stock market.\nIf you were to review the history\nof the stock market, however,\nyou would see that\nthe buy-and-hold approach\nrequires considerable intesti-nal\nfortitude, as bear markets\nare not an easy thing to live\nthrough. One approach is to use a market timing model in\nhopes of forgoing the challenge of coping with bear markets\nand yet participate in the bull markets. The model would\nsignal when to be invested and when to move to the sidelines.\nToward that end, the model should be developed with specific\nrules as well as show a mathematical historical advantage\nto capturing a reasonable portion of a bull market but\nkeeping risk at a tolerable level. In this article I explain one market timing model, as well as the steps I undertook in its development.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133835768177,"sku":"\\V15\\C11\\THETBON.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f87fe370-19c3-42aa-b0f7-0aab306da39f.jpg?v=1739653732"},{"product_id":"v15-c02-thestoc-pdf","title":"V.15:2 (68-72): The Stock Market and Seasonality by Bob Kargenian, C.M.T.","description":"The Stock Market and Seasonality by Bob Kargenian, C.M.T.\u003cbr\u003e\u003cbr\u003eIs there a message that can be gleaned from the performance of the stock market during the 1996 election year? There may be. In 1990, this writer discussed the seasonal movement of the stock market. Here, he updates that work with further research, looking at market activity during the election year.\u003cbr\u003e\u003cbr\u003eIs there a message that can be conveyed from the stock markets performance during the 1996 election\nyear? There may be if you believe in the seasonal and cyclical nature of the market. While not implying that past performance indicates future results, the seasonal aspect of the stock market has been popularized and researched by the likes of Ned Davis, Norm Fosback, Yale Hirsch, Arthur Merrill and Marty Zweig. Research has focused on the performance by month, the performance prior to major holidays, the end\nof the month effect, the Presidential election cycle and the January effect, among other things.\u003cbr\u003e\u003cbr\u003eIn combination with seasonal influences, for example, the decennial cycle has added some interesting implications. The decennial cycle simply represents the performance of the stock market in each year ending with the same digit (examples include 1905, 1915, 1925 and 1935). The concept was first written about by Edgar Lawrence Smith in Common Stocks and Business Cycles. Until the advent of mutual fund switching in the mid-1970s and stock index futures in 1982, there was no practical or cost-efficient way to take advantage of these patterns or tendencies. That, of\ncourse, has changed.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133836587377,"sku":"\\V15\\C02\\THESTOC.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_9030587a-0b31-41a2-8544-079c805e83e3.jpg?v=1739653762"},{"product_id":"v15-c07-abuysig-pdf","title":"V.15:7 (318-322): Contextual Trader Larry Williams by Thom Hartle","description":"In the arena of technical analysis, its hard to imagine not ever having heard about Larry Williams, well known as trader, author, newletter editor and money manager. Think of it virtually every technical-based software has some of his\ntechnical indicators. Despite all that, surprisingly, Williams is not as fond of technical analysis as you might expect. Why? We found out the answer when STOCKS \u0026amp; COMMODITIES Editor Thom Hartle spoke to Williams via phone on April 23, 1997, discussing Williamss views on technical analysis, money management and other topics.\u003cbr\u003e\u003cbr\u003eWhen did you first start trading? In 1962 I started fol-lowing the stock market while I was attending the University of Oregon. I still remember how someone pointed out to me that one of the most active stocks had gone up two and a half\npoints for the day. I asked, What does that mean? and whoever it was replied, You would have made $250 today!\nWow! Back in the 1960s, that was a lot of money. I said, Man, this beats work! And ironically, Ive been working at it ever since! When did you move from stocks to commodities?\nI traded stocks from 1966 to about 1970. In 1970, an old trader showed me how commodities worked. He had noticed\nthat I had done pretty well trading stocks, and he told me I ought to try trading commodities. At that point in my life, I still believed in technical analysis, so I thought my methods\nwould work in the commodities markets as well.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133836620145,"sku":"\\V15\\C07\\ABUYSIG.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_97eee7e6-1994-49da-be95-15fabdb5b715.jpg?v=1739653765"},{"product_id":"v15-c13-q581-pdf","title":"V.15:13 (581): Quick Scans: Trading the Rebound Gap by John Sweeney","description":"Quick Scans: Trading the Rebound Gap by John Sweeney\u003cbr\u003e\u003cbr\u003eWith the proliferation of trading systems\non heavyweight hardware and software\nhas come the decline of simple\nsystems you can use with just a pencil.\nWith no public evidence that rocket\nscience has changed the investment\nworld, it might be profitable to look at\nsomething you can actually understand,\nsuch as Trading the Rebound Gap.\u003cbr\u003e\u003cbr\u003eA rebound gap is formed when a\ntradable opens beyond the previous\ndays range (that is, higher\/lower than\nthe previous days high\/low), then closes\nwithin the previous days range. The\ngap evinces that the market is moving\naggressively at the opening, then being\npulled up short and retreating back into\nthe previous days price range. Its a\ncurtailment of speculative enthusiasm.\nExploiting this psychological phenomenon\nis the subject of Richard Bearses\nbook.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133836685681,"sku":"\\V15\\C13\\Q581.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_b3c39549-3e2a-4a0f-8228-26ca6d020feb.jpg?v=1739653768"},{"product_id":"v15-c14-pr667-pdf","title":"V.15:14 (667-668): Product Review: PC Financial Network's Maximizer for Windows, Version 2 by John Sweeney","description":"PC Financial Network's Maximizer for Windows, Version 2 (Ret-Tech Software, Inc.). Software to download stock prices, news. by John Sweeney\u003cbr\u003e\u003cbr\u003eOne of the best-kept secrets\nin the financial world of\nretail online services is that\nonline service provider\nProdigy has plenty of useful financial information. Its not always\neasy to find it, and moreover, now\nthat Prodigy is advertising its ability to access the Internet instead of emphasizing\nits access to proprietary information,\nits even harder to find out about it.\n(Even Prodigys public relations office\nwouldnt reveal to me their plans for\npublishing financial content.) But recently,\nI looked over a product called\nPC Financial Networks Maximizer for\nWindows that will automatically sign\non to Prodigy, download the financial\ninformation you want and sign off \nqui ckly, si mply and i nexpensively.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133836751217,"sku":"\\V15\\C14\\PR667.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_24c14a75-431f-4187-8b55-c006798a0226.jpg?v=1739653770"},{"product_id":"v15-c14-pr620-pdf","title":"V.15:14 (620-622): Financial Toolbox by John Sweeney","description":"Financial Toolbox (The Mathworks, Inc.) by John Sweeney\u003cbr\u003e\u003cbr\u003eMATLAB, which is short\nfor matrix laboratory,\nis a huge assemblage of\ncomputational code\nthats found its lifeforce in the worlds of\nengineering and academia. The idea\nbehind mathematical packages such as\nMATLAB is to take the development of\nmathematics off a piece of paper and\nautomate the process in a computer.\nThe continually evolving result in\nMATLAB is a program with more than\n500 math and matrix manipulation functions,\na wide variety of analytical graphics,\nand a high-speed computational\nengine, all enveloped in an interpreted\nlanguage that humans can use to specify\nwhat they want. Theres a version of\nMATLAB for just about any computer\nplatform, and it can also use C and\nFortran subroutines written elsewhere.\u003cbr\u003e\u003cbr\u003eMATLAB and Financial Toolbox are\naimed at those whove reached the limits\nof spreadsheet power, are mathematically\nastute and can handle programming\nat the macro or basic level.\u003cbr\u003e\u003cbr\u003eObviously, the typical trader, either\nretail or institutional, is not going to\nhave the time for (or be comfy with) this\nenvironment, let alone integrate it into\nhis daily trading stream. Most analytical\ndevelopment for trading uses spreadsheets,\nin-house software, dedicated\ntrading software or pencil and paper. ...","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133837701489,"sku":"\\V15\\C14\\PR620.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_88024596-dd34-4d32-b9ee-e0c2c996b130.jpg?v=1739653798"},{"product_id":"v15-c08-thesyst-pdf","title":"V.15:8 (373-378): The Systematic Trader: Richard Saidenberg by Thom Hartle","description":"The Systematic Trader - Richard Saidenberg\u003cbr\u003e\u003cbr\u003eHow many times have you heard that developing your own rules and following them is the way to trade? By now, probably plenty. Its not just idle speculation, either; Richard Saidenberg, a Commodities Trading Advisor and independent futures trader, discovered that the steps to\nsuccessful trading were based on developing a systematic approach to trading. STOCKS \u0026amp; COMMODITIES Editor Thom Hartle interviewed Saidenberg via phone on May 20, 1997, and talked to him about system design, the pitfalls to avoid while developing a system as well as other topics.\u003cbr\u003e\u003cbr\u003eSo what were your early days as a trader like? My fathers a stockbroker, so I was exposed to the markets when I was quite young. In fact, I had learned how options worked by the time I was 15. I learned how to use the Value Line Investment Survey to pick stocks that were ranked first and second for timeliness and safety. So by 1986, when I graduated college, I had made a reasonable amount of money by focusing on companies that I knew: Anheuser-Busch, Coca-Cola, Browning-\nFerris and others. I was doing some trading then, but mostly I was investing.\u003cbr\u003e\u003cbr\u003eYou caught the beginnings of the bull market in 1982, didnt you? Yes, and I was aggressive. I would use 50% margin to leverage my position. Then after college, I went to work on the floor of the American Stock Exchange (AMEX). I started out working as a file clerk for specialists in the Major Market Index Options pit, and my job consisted of crossing off numbers on a card and then inputting the information on the card into the computer. When I worked up to specialist clerk, I was right in the middle of the action, and I had to keep track of the specialists positions. Toward the end of my stay there, I worked as an arbitrage clerk, which gave me the opportunity to place some arbitrage positions. After I had been there for 10 months, though, I decided that I\nwanted to trade on my own.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133839110513,"sku":"\\V15\\C08\\THESYST.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1da14ca8-3984-4f92-831b-b5aedf523c14.jpg?v=1739653844"},{"product_id":"v15-c10-threeli-pdf","title":"V.15:10 (442-448): Three-Line Break Reversal Signals by William Arnold","description":"This charting technique is a simple but effective technique for determining the direction of the trend as well as changes in the trend.\u003cbr\u003e\u003cbr\u003eWith volatility in the stock market\nincreasing, many new and elaborate\nmethods have been developed\nto predict market turns. This\nposes a problem: Indicators of\ncomplex construction may work\nor they may not, for no apparent\nreason. So finding system components\nthat follow the keep-it-simple\napproach may seem unfashionable,\nbut in reality it is a survival technique. In fact,\nolder and simpler indicators have withstood the test of time\nfor good reason.\nOne classic technique is the point and figure charting\nmethod, which is used by many professionals to identify and\ngauge market reversals. Recently, analyst Thomas Dorsey\npublished an excellent expansion of the classic de Villiers\nwork on this charting method. Using point and figure charts,\nthough, requires time, specialized skill and, in some cases,\ndata that may be inaccessible to nonprofessionals. Fortunately, theres an old, simple and underused approach to predicting reversals, a method similar to one aspect of point and figure.\nThis technique is known as three-line break charting.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133839176049,"sku":"\\V15\\C10\\THREELI.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7f7bbafd-5406-448c-83ca-8b5e7510194b.jpg?v=1739653847"},{"product_id":"v15-c13-q585-pdf","title":"V.15:13 (585): Quick Scans: How to Start Your Own Commodities Trading Business by John Sweeney","description":"How to Start Your Own Commodities Trading Business (Averill Strasser) by John Sweeney\u003cbr\u003e\u003cbr\u003eTreating futures trading as a business\nwould certainly help retail and professional\nparticipants. Many would-be\ncommodities advisors wash out from their lack of homework and many also\nrun into trouble with the regulators, both\nfederal and industry-level, for inappropriate\nsolicitation. And thats before the nuts\nand bolts of making good decisions on a\ndaily basis in the markets!","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133840781681,"sku":"\\V15\\C13\\Q585.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6e08fb02-9486-448e-bad4-4a0908f896fd.jpg?v=1739653894"},{"product_id":"v15-c02-ralphac-pdf","title":"V.15:2 (83-90): Ralph Acampora of Prudential Securities by Thom Hartle","description":"Interview: Ralph Acampora of Prudential Securities by Thom Hartle\u003cbr\u003e\u003cbr\u003eIn the decades that technical analysis has been rising in prominence, few have been as outspoken as Ralph J. Acampora, CMT, first vice president with Prudential Securities. Acampora has his roots firmly in the discipline. He's been a technician for three decades, he's a regular panelist and technician on the popular television show Wall $treet Week with Louis Rukeyser and not only that, he's a cofounder of the Market Technicians Association. In 1996, he won a place on the second team in the Institutional Investor All-America Research Team in the category of technical analysis. Stocks \u0026amp; Commodities Editor Thom Hartle spoke with Acampora on November 19, 1996, via a telephone interview, covering a number of topics including the value of using basic research and making use of historical comparisons in the stock market.\u003cbr\u003e\u003cbr\u003eQ: Ralph, you were one of the original founders of the\nMarket Technicians Association. How did that organization come into being?\u003cbr\u003e\u003cbr\u003eA: When I came to Wall Street 30 years ago, technical analysis was being used by many of the big brokerage houses, but it didnt really have much credibility. Second, no one, but no one, was talking to each other on a formal basis about technical analysis.\u003cbr\u003e\u003cbr\u003eQ: What happened?\u003cbr\u003e\u003cbr\u003eA: Then around 1969, I met Johnny Brooks. I must have been 27, he must have been 25, and we talked about how great it would be if technicians got together on a regular basis to talk about technical analysis. So along with John Greeley, we formed the Market Technicians Association, which is known today as the MTA.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133842649457,"sku":"\\V15\\C02\\RALPHAC.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1bc7dd62-8065-428e-aa53-e5fa22747bcd.jpg?v=1739653974"},{"product_id":"v15-c13-q590-pdf","title":"V.15:13 (590): Quick Scans: Inside Advantage by John Sweeney","description":"Inside Advantage (Ruggiero Associates) by John Sweeney\u003cbr\u003e\u003cbr\u003eEvery other month, Murray Ruggiero\npublishes an eight- to 12-page newsletter\non two of traders favorite topics:\ntrading system ideas and interviews with\ngurus. Although the quality of the material\nis uneven, the newsletter, Inside\nAdvantage, is written so concisely and\nto the point that even active traders will\nfind it likable.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133842714993,"sku":"\\V15\\C13\\Q590.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_23ab8a77-7463-463d-b30f-30cbcdebc089.jpg?v=1739653976"},{"product_id":"v15-c07-evaluat-pdf","title":"V.15:7 (311-317): Evaluating Trading Systems with Statistics by J. Katz, Ph.D.","description":"Here, in part 1 of two, these Contributing Writers explain the steps necessary to evaluate trading system behavior with the use of statistics.\u003cbr\u003e\u003cbr\u003eby Jeffrey Owen Katz, Ph.D., and Donna L. McCormick\u003cbr\u003e\u003cbr\u003eMost systems I have seen are simply optimized by being tested\nwith different parameters, examined for profitability and\nsometimes assessed for a few other characteristics. On occa-sion, I have encountered systems tested on perhaps one or\ntwo out-of-sample periods to determine whether performance would hold up. However, few who write about system development or developers themselves have attempted to estimate probabilities or compute statistical analyses on trading systems to assess likely future system performance. For the sake of simplicity, I have often been guilty of omitting such analyses from my own work.\u003cbr\u003e\u003cbr\u003eHowever, I often get comments regarding issues that statistics directly bear upon, such as sample size, replicability, curve-fitting, generalization and determining whether a system will trade profitably or fall apart when finally put to the test. I have also had discussions with system developers who are reluctant to apply any optimization strategy because of a fear of curve-fitting rooted in a lack of knowledge about the statistical issues involved.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133843304817,"sku":"\\V15\\C07\\EVALUAT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_eb697f91-c3f5-4620-b90e-a369546d0179.jpg?v=1739654001"},{"product_id":"v15-c13-q582-pdf","title":"V.15:14 (582-583): Quick Scans: ASCTrend 1.05  by John Sweeney","description":"ASCTrend 1.05  by John Sweeney\u003cbr\u003e\u003cbr\u003eAbleSyss ASCTrend gets very good\npress from its users, but its a tough\nproduct to evaluate. ASCTrend is a package\nof two trend indicators and two\ntrend-stop indicators all of which are\ncompletely undisclosed.\u003cbr\u003e\u003cbr\u003eThe indicators are designed to run\nwith Omega Researchs TradeStation\nor SuperCharts platforms, and you load\nthem into your indicator library via the\nusual procedures (you dont load them\nas Omega systems). Once theyre invoked,\nyou get something similar to\nFigure 1. Looking at this figure, youll\nnotice that a lot of the information is in\nthe colored bars, which are called\nPaintbars, and the dots, which are called\nTrend-Stops. Blue bars indicate a rising\ntrend and red bars a declining trend. The\nbars display the ASCTrendUP and\nASCTrendDN indicators. Above or below\nthe bars, you can see the estimated\nstop points, here loaded as two more\nindicators. The sensitivity of the indicators\ncan be adjusted by the user.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133843337585,"sku":"\\V15\\C13\\Q582.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ce15d281-fa1c-4dce-a629-1a27eb14f7d9.jpg?v=1739654004"},{"product_id":"v15-c13-q602-pdf","title":"V.15:13 (602-603): Quick Scans: Dow Jones News\/Retrieval by Staff Writer","description":"Dow Jones News\/Retrieval Private Investor Edition, Version 5.0 by Staff Writer\u003cbr\u003e\u003cbr\u003eFinding out whats going on when so\nmuch is going on can be a major job these days, even though the access tools\nhave proliferated as rapidly as the events\nthemselves. When the subject is as generic\nas news, separating the gold flakes\nfrom the dross is tougher than ever.\u003cbr\u003e\u003cbr\u003eDow Jones wants to be your news\nvendor and, to that end, has provided\nwhat the Web does not: editorial judgment.\nIts News\/Retrieval service for\nprivate investors focuses on the news\nthat businessfolk need by creating germane\ntopics from sources that the editors\nsee as credible and relevant. It aims\nto arm the person whose exploration\nbegins after usual work hours with some\nof the tools that professionals use. You\ncan do this for up to 10 hours a month,\nplus surcharges. (See sidebar, Charges.)","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133843468657,"sku":"\\V15\\C13\\Q602.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_d16b8dc0-c97a-46b2-a5bc-bff348952aea.jpg?v=1739654006"}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/collections\/volume-15-1997-18.gif?v=1739676623","url":"https:\/\/shop.traders.com\/collections\/articles-volume-15\/issue-12.oembed","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}