Chess did a quick video about The PPT. Very useful for those of you who are trying to understand it better.
[youtube:http://www.youtube.com/watch?v=H1PEL3PrxW0&feature=player_embedded 616 500]As an aside, it’s interesting to note that the highest closing hybrid, during this rally, was 3.09, on 9/3/2010 (previous Hybrid highs easily eclipsed 3.20 on many occasions). The very next day, the market sold off, sending the Overall Hybrid all the way down to 2.39, representing THE LARGEST HYBRID DECLINE EVER (-23.11%). Why am I writing with BIG STUPID LETTERS? I don’t know. However, I do know this rally has been very suspect, almost fish-like in its unending nirvana. To be fair, I changed the OVERBOUGHT cycle, just prior to this rally, lowering the bar to 2.95 from 3.10. Under the previous rules, The PPT has nailed this rally down to the last tick of TNA. I read it wrong and paid the price.
In recent weeks, a compromise was made, whereby the OVERBOUGHT range is still 2.95, but it must accomplish that score with 75% or more of large cap stocks ranked “buy” or higher, in order to be considered OVERBOUGHT.
In other words, The PPT won, even though I lost. How apropos.
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October ain’t over yet bro.
126358495625458744563299991
Get used to getting owned by the machines FAG!!
Something tells me you won’t be here long.
Apparently machines run on 50 year bonds at pfffffffffff rates.
A monkey with darts,a monkey with darts
Yes Mon!
Now that I think about it,
how can you lower the bar on one end (overbought)
and keep the same condition for the other end (oversold).
I haven’t seen an oversold score in weeks.
Flyaway
It was a matter of optimising the ob range, which is always hard to time in bull markets. The overall point: the score has been very tame considering this run. And secondly,
I should have taken notice to the huge drop in hybrid, which essentially serves as an os signal.
Btw: wood’s pds hit lotto tonight, with like 10 or more 5% winners.
You should check it out it is really good.
not trying to be a dick here…
the right-hand column is full of selections that allow you to evaluate the effectiveness of a given screen that utilizes the proprietary algorithms of the PPT. the power this brings is being able to gauge the accuracy of the PPT from its past OB/OS calls.
you must post a random sequence of numbers and insinuate that the sequence holds some sort of mysterious meaning or value to ‘be a dick.’ no worries.
you smell like cock
The PPT is broken!!!!!
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The PPT is broken!!!!!
d
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There is no such thing as a holy grail. Mean reversion works great in range-bound choppy markets but will get you killed in a strong trend.
Correct
Of course there is no such thing as holy grail, small piker trader. I am simply showing you factual data. Gleen what you want from it just prior to paying for your night out at Chillis, all cash!
Why did you choose Chillis instead of Applebees? I think Applebees would have been more insulting. Your slipping 😉
In all seriousness I am a big fan of your blog, but I must say this PPT overbought/oversold stuff sure seems alot like curve fitting… OK, now back to eating my Applebees take out whilst I trade my bullshit 5 figure Zecco account… 🙂
Am i supposed to ban stinky or waisaibi? Please clarify.
Thanks
Why not ban yourself?
hahaha
No one is bannned. Pun intended
Ctp
I see how you can say that, only knowing one aspect to the system. If you threw away the mean reversion aspect to the system, which i have proven over and over to be accurate, the tools itself are well worth the small expense.
It is a lot more than what you think.
Ok, no more ppt jargon.
Lets get back to qe2in’
You know that china tonight bumped up Gas Prices 3% and talking about tax on gas guzzlers tonight….I am like sooooo tired of QE and POMO, why can’t Hoenig just bitch slap Ben B and tell him to stop it already?
maybe becuse they don’t want the market to go full collapse ?
“i do know this rally has been VERY suspect”. man, you gots dat wight…..damn. as for dat time machine, man doesnt you know every time a flux capacitor does 3 jumps,yuz gots to change yo earl and filter in a fumunda cheese pit, and not that jiffy one
Are you some kind of moronic jackass, or are you on drugs?
eat shit
curve-fitting and survivor bias are certainly something to take into consideration when attempting to predict stock movements by reflecting on historical data. however, it seems like Monsieur Fly has put together a pretty tight little system that looks to be trustworthy with regards to such endeavors.
using a well-defined stop coupled with an appropriate position size never hurt either
and any bans handed out better come complete with a reach-around… it would be an incredible disappointment otherwise
“To be fair, I changed the OVERBOUGHT cycle, just prior to this rally, lowering the bar to 2.95 from 3.10. Under the previous rules, The PPT has nailed this rally down to the last tick of TNA. I read it wrong and paid the price.”
From where I sit, picking the market is about 1/2 mathematical insight and 1/2″ intuition and gut feeling about a company or stock. I would think that in this day and age of robotradeing and Ben Bombs, gut would half to be given a little more weight in decision making. The old math rules adhered to in days gone by are unbalanced by all the malarkey and games being perpetrated by the Fed and the likes of GS……may they all burn……..
I’ve been watching this little company for a while and it appears they have big ideas on where they want to go. Seems well positioned to rise to the top of it’s field with a good marketing plan but I don’t know anything about their management. MSLP.OB
I thought it was always that 75% of large caps rated buy.
On another note………..Anyone been following the crap being uncovered regarding MERS ? The second shoe is about to drop IMHO. If the fed government (congress) intervenes again and bails out the big banks again by simply wiping the transgressions under the rug, there will be riots in the streets if people get wind of it. The mortgage mess is far from over.
Fly-THANK YOU, even in stupid big letters from a a stupid ancient gent.