Re: Thanks Joe Sella!

In article <[EMAIL PROTECTED]>, RPS <[EMAIL PROTECTED]> 
wrote:

> mac <[EMAIL PROTECTED]> wrote:
> 
> > ...
> 
> That was impressive, but why 200/300 days? Or is it simply the best
> combo that works with SPY? What about QQQ, would you use the same
> moving average pair?

this was a little tongue and cheek thing, aimed at giving a little jab 
at the buy&hold crowd that relentlesley preach their boglecrap on this 
board.  I just wanted to show what a truly lazy person could do, just by 
watching the broadest of indicators. Actually, it worked out pretty good.
Playing the 200/300 day moving average crossovers resulted in a 533% 
gain in 8 years-----that's if you knew and appreciated the 18 year run 
of a mighty bull market and the knew it was over, so that you could jump 
right into a bear fund---huh?
On another board I know a guy who works very hard at this stuff, he 
trades ProFunds on a dailly basis---he says, all he's trying to do is 
make(on average) 1% a week. well, thats 52% a year. times 8, equals
416%.  Now, on the other hand, there were people who had all their bucks 
in some high flying tech stuff and did 400-500% in '99 and maybe had the 
brains to get out.  
Pick a symbol and go to your favorite chart site, keep playing with 
moving average lines until you get the longer(lower) one to act like a 
lower channel line. Try 75ma on the 1 year QQQ chart, for instance. That 
should give you a decent get worried/sell signal. put in a second ma 
line at say, 35 (hits the bottom of all the small bumps) as an alert.