I'm still working on getting new calculators developed... I'm at the mercy of my generous programmers donating their time... it will be worth it for everyone in the end, so I know they'll come through.
stats for shorting on market red/green days (expressed as percentage over past 2 month period)
XTEX 85/85
HQS 70/40
NNBR 80/60
STEM 55/55
HOTT 70/30
CTCM 80/35
BXG 80/45
FRPT 73/50
RDN 63/45
this concept of market conditions affecting shorts (or longs) is explained here.
**UPDATE
Posts
5 comments:
Can't wait to see the programs
Hey johnnyvento,
I was just a little confused of the correlation.
when you say for example:
Market red/green
HQS 70/40
Do you mean when the market is red for the day - 70% of the time HQS will be red also? And with the market going green for the day 40% of the time HQS wlll run green as well?
Good luck finishing the program.
It sounds very useful.
Much props.
no these are only the red stats (since my watchlists are for shorting)
70% $DJI red/HQS red
40% $DJI green/HQS red
as you can see these don't add up to 100% because they are not opposing actions. You can infer the opposing action $DJI red/HQS green = 30%
$DJI green/HQS green = 60%
JV,
I can promise you that you won't be waiting for long. I will start the work on these new calculators tomorrow.
Good luck!
RJ
What types of chart patterns are you looking for in your short watch list? Most of these would've been good shorts today. But, they are different chart patterns from the typical spike in a downtrending chart pattern.
I'm curious because if there are other good patterns to short, I'd be interested. I'd also like to know the % of the time that your short watches tend to go red, i.e. the probability of being right when you short on red on these watches.
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