View Single Post
  #33  
Old 12-01-2007, 03:54 PM
Uglyowl Uglyowl is offline
Senior Member
 
Join Date: Nov 2002
Location: They r who we thought they were
Posts: 4,406
Default Re: A TRADABLE CONCEPT?

Sorry for the somewhat sloppy nature of my post, I see we are both commodity plays although different ones. How does your screen backtest?

For my relative strength #'s, I am using below 2 for my long, the higher the # the less profitable, but still good #'s.

Currently the long screen is really quiet with only a few commodity plays: USO, CFC, OIL

Close reached a new 5 Day Low
and Close above MA(50)
and Close above MA(200)
and RSI(2) below 2
and Close above 10
and average volume(30) is above 25000

---------------------------------------------------

For shorts I have alot more, the most I think I have ever seen going back a few years! The last 9 times (as far as I went back) that there have been 5 or more that met the criteria, 8 times the S&P was down 4 days at an average of 0.74%

CRH
GVA
HIX
HUBG
IMKTA
MINI
MQY
MUS
NAD
NIF
NPT
EAD
JPC
JPS
BMTI
NZF
FHY
HYT
HPS
FHI
FRB
BAC-W
KEY-E
Reply With Quote