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Re: alj14 post# 77222

Wednesday, 08/20/2014 1:31:18 PM

Wednesday, August 20, 2014 1:31:18 PM

Post# of 112780
AJ, not knocking your reasoning/ability to use accum/dist as an indicator. Maybe you have ways of feeling comfortable with it. But I have custom built MANY technical trading systems using 5-6 indicators, like %R coupled with RSI & moving avg crossovers & occasionally some others. By using a fundamentally sound stock like Stryker medical, Zimmer or the old Biomet (now private), and daily charts going back 10 years. I have built systems that are 95% accurate.
But have really never seen/found a reason to incorporate acc/dist into the systems. Acc/dist is really quite easy to see in the price action, unless you are skalping, and that is a different kind of game.
If the stock price is going up, based on a (reliable company) daily chart, then over all, the stock is being accumulated. If it is going down, then it is under distribution.

These penny stocks are just a play ground for me. I put left over account pocket change into them. NBRI, I am about break even over the past 3+ years, by trading. I watch them only because HUGE profits CAN BE MADE when the ducks fall into a row. Including fundamentals. No trading system will really work very well on penny's.
P.S.- I also play in the currency markets, and have some custom indicators that you likely have never even heard of, that work unbeleivably well. But do not know the formula's, and no longer use software that is capable of transferring and setting up for individual stocks.
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