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#1
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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 |
#2
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Re: A TRADABLE CONCEPT?
Here is the Scottrade chart for OIL (a long):
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#3
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Re: A TRADABLE CONCEPT?
[ QUOTE ]
Currently the long screen is really quiet with only a few commodity plays: USO, CFC, OIL [/ QUOTE ] Sorry, I have Countrywide on my mind for some reason. CFC is not a long The three are: USO: US OIL FUND ETF GSG: Ishr S&P Gsti Cm OIL: iPath S&P GSCI Crude Oil Tot Ret Idx ETN |
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