Detecting market tops and bottoms

[Vesselin]

Three inside days

Are you the same Vesselin who had/have a public lists on stockcharts??

I am. My StockCharts account was unfairly terminated, as I have explained in this forum (http://www.investorshub.com/boards/read_msg.asp?message_id=475447 ). Mr. Anderson has treated me very rudely and unfairly and has even resorted to blatant lies in public. As you can imagine, I am not amused. I still like his site, but I wouldn't recommend anyone to give them even a cent of their hard-earned money while Mr. Anderson is in charge there.

3) my public list

Thanks. I should have realized that you meant "three consecutive inside days" literally. So, basically you are looking for small symmetrical triangles and trade that?



Looks like a viable strategy to me - but too short-term for my taste. For instance, I've tried a few systems that use 4 ATRs as a profit target (while you use just 1) - and even those trade way too often for my taste.

As for backtesting, I'm not a fan of that.

. And I am not a big fan of stock screening myself. I prefer to specialize in a single stock (e.g., QQQ) and learn well how it responds to the various indicators. As a secondary preference, I'd apply a system to the stocks in an index (e.g., NDX). But a full scan of a whole exchange in order to find the stocks that meet a particular criteria (often resulting in finding stocks I don't "know" well or have even never heard of before) - nahh, I don't do that.

Regards,
Vesselin