The KST cut above its 8 day exponential average on 26 Mar. Based on historical pattern, this is a bullish sign.
Looking back at the chart, the last time this happened was on Feb 14 08 and the index went from 2949 to 3098. A 5% up move in 5 days.
STI Sideway To Bearish Tone
US market had a bad closing last night. Dow plunged by 243 points. It seems like we are seeing more volatility recently. With earnings...
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The 2 bar breakout system is designed to capture short term trends by going long or short depending on the pattern formed by the 2 most rece... -
This is a trend indicator that was derived by by Tuschar Chande. It is a method of rating the trend by comparing the current day’s close to ... -
This system has been covered in a number of books by Dr Alexander Elder. From the book “Entries and Exits, Visit To Sixteen Trading Rooms”, ...
1 comment:
Hi
I tested the KST against the DJI, S&P500, HSI and STI. I tried various combinations which proved to be quite taxing as there were so many combination sets. I was mainly trying to get it to work on a shorter term basis (3 to 12 days). Finally found a combination that seems to work ok although it did not work superbly well.
I then tested it with data from Jul07 til today for the short side only to test its effectiveness during a downturn. The big drawdown and loss period was during the mid-Aug recovery which was fairly high but thereafter it weathered Nov and Jan quite well. Had a gain of about 11% with a win rate of 68%.
Again thanks for your sharing of the various systems.
hoong5
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