Technical Analysis and Charting

Top 117. Apr 1, 1999 12:36 AM

» DanG_6 - Bond Quotes

Dennis L: I've never seen bonds quoted the way you mentioned, ie in % yield X 10. They are usually quoted as the PRICE per $1000 bond divided by 10 (now THAT brings up a good question), so that a bond selling for $998.00 per $1,000 face value would be quoted as 99.80. (The actual yield is left as an exercise for the student). At least that's the way the WSJ lists them. Where are you seeing quotes in % yield X 10?
- Dan

-- posted by DanG_6

Top 118. Apr 1, 1999 12:55 AM

» DanG_6 - Kirk's Portfolio--Wow!

Kirk, if that "clickable link" a few posts ago was an actual portfolio, then what the heck am I doing trading "Dogs of the Dow" and investing in index funds and the like? Were you SERIOUS? If so, where do you post your model portfolio? (Adios, Brinker--Hello Kirk!).
- Dan

-- posted by DanG_6

Top 119. Apr 1, 1999 6:28 AM

» Hugs - 90 to 100

Kirk, exactly what kind of noise was it you were thinking about on MINE? Looks like it was close enough to 90 yesterday that it decided to "take the leap" this morning to 100... :^)

-- posted by Hugs

Top 120. Apr 1, 1999 6:32 AM

» Hugs - alternate test

Maybe Tony can try it on PCLN. It just jumped into the "testing area."

-- posted by Hugs

Top 121. Apr 1, 1999 1:43 PM

» DennisL - To DanG: Bond Quotes X 10

Here is one example:
http://quote.yahoo.com/q?s=^TYX&d=t

Here is another:
http://quote.yahoo.com/m1?u
In this one, scroll down to near the bottom of the page to the block titled Treasury Securities (yield x 10).

-- posted by DennisL

Top 122. Apr 2, 1999 4:21 AM

» TONYBRIG - 90 to 100

Well the theory worked Mining hit 100 and then turned around.
I did my job tho :> (did I do that rite?) Kind of tedious typing it
in tho. Are there keyboards which have these "guys" on it? Or do
we have to design one.
Now I'm watching WMT MSFT WCOM and others which I will keep tabs on
and report here. I'm very serious about this and believe a good
system can be structured to produce a "Winner."
If I could only get a STAT report to examine and evaluate then an
OPTION plan should be able to be devised that will produce results.

Have many other ideas that I am looking at as far as SYSTEMS go
and many of them are akin to T/A.

Stay tuned))))))))))))))))))))

BOLHH

-- posted by TONYBRIG

Top 123. Apr 2, 1999 6:58 AM

» DanG_6 - Bond Quotes Revisited

Dennis, I see what you mean, and I don't have any answer as to even what those things are. They appear to be indices of bond yields, perhaps futures contracts that can be traded. Not sure. But they are not really individual bond quotes, which are quoted as in the WSJ as face value ($1000/10). Those are probably divided by 10 to save printing space. Why the yields on those treasury yield indices are multiplied by 10 I sure don't know. Maybe just because it is harder for the human mind to compare yields expressed as a single digit followed by 3 decimal places. Two digits followed by 2 decimal places may seem easier to visualize when comparing one yield to another. But I am only guessing.
- Dan

-- posted by DanG_6

Top 124. Apr 2, 1999 7:22 AM

» DanG_6 - 90 to 100 System

OK Tony, I'm open minded, so if there is anything to what you say, there must be some reason other than the numbers 90 and 100. So let's see if there is a possible rationale behind the "system". IF it's true, then perhaps it could be attributed to a couple of underlying facts. One is that for any stock to get to this higher level of 90 means that it must have had something going for it fundamentally (either actual or perceived) for some length of time. Stocks don't generally come out as IPOs at 80 or 90, so any stock reaching this level has probably had a big following in order to push it to this level. So with the momentum (relative strength) going for it, their may be some chance greater than 50/50 that it will keep on its winning ways. Sound reasonable? So any system that leads you to buying quality stocks more often than not should lead to further gains. If that's the case, there could be some merit to your "system". Now any system worth its salt must also have an exit strategy that covers not only profits, but also losses. You have the profits part covered by exiting at 100 for an 11% gain minus commissions. Now how about the loss strategy? My own thinking is that if there is a better than even chance that the stock will go up rather than down, and if you are going to take a 10 point profit, maybe you might want to stop out with a 10 point loss or possibly less. But a "system" has to be mechanical or it can't be tested. So a simple loss-cutting rule is essential (in my opinion) to any short term trading system. So that's my humble opinion, Tony. What do you think?
- Dan

-- posted by DanG_6

Top 125. Apr 2, 1999 9:21 AM

» TONYBRIG - 90 TO 100

Dan:

Thanks!

Yes for sure one needs an exit plan.
I cant conceive tho a plan without examining stats
But what I had in mind was an option plan for
call buying.
Could put say a 30% drop in the option price
stop loss order in or other. Just an example.
Or one could perhaps buy all stocks then crack
90 and get out at say 99. Perhaps the stop loss
would be set at 85.
If just 60% of them FIRE then one has a nice
gain.
Just a rudimentary concept forming for now.
To me tho much merit.

Thanks again!

BOLHH

-- posted by TONYBRIG