Looks like no one is interested in the new tools which we (me and Johnny) are trying to create.
Anyway, here’s another teaser.
Look at the following table for ABK. I created this table from the Price Database I have. Data is from Jan 2008 onwards.
| Number of consecutive GREEN days | Count |
| 7 | 1 |
| 4 | 2 |
| 3 | 4 |
| 2 | 10 |
| 1 | 17 |
The above table shows how many consecutive GREEN days ABK had and number of times the pattern repeated. e.g. ABK had 7 consecutive GREEN only once, 4 consecutive GREEN only 2 times, so on and so forth.
If you discard the one time exception of a 7 day run, ABK NEVER had 5 GREEN DAYS in a row. So if you see ABK go GREEN for 4 days in a row and you short, your chances of success are almost 100%!
To take another example, Out of 10 times ABK was GREEN for two days in a row, only 4 times it continued the GREEN movement. It means that after ABK was up two days in a row, if you short ABK, your chances of success are 60%. And if you are a good trader, you can use this information to your advantage and take success chances even higher.
What if could do this analysis on any stock you wish? If interested, subscribe to receive the updates.
And btw, VECO (yesterday’s watch from JV) went down today on market RED day. Statistics does work. 
Happy Trading.
RJ
9 responses so far ↓
1 johnnyvento // Nov 18, 2008 at 1:42 am
Don’t worry, people will become interested once they see the tools. Your co-relation calculator has gotten many great reviews and comments. I still like the idea of a calculator feel like you did so well on the co-relation one where the user inputs the value he/she wants to examine- in this case the stock symbol and the number of days up/down- and the simple interface would give the answer (ABK: 4 times of 3 days up) and the extended version would provide a scenario analysis of each example (i.e. date, gap up/down%, gain/loss% for the following day- for each of the examples). This format gives the user more control over the data and keeps it from feeling like a spreadsheet, which may provide more info but provides less of a user-friendly experience that keeps the person engaged with the tool.
Just MHO
keep up the fantastic work
jv
2 RJ // Nov 18, 2008 at 1:45 am
JV,
I definitely aim to make the calculators user friendly. I am still writing various queries and figuring out bits and pieces for the calculation. Today I was playing with your idea of x number of consecutive days up and came across this interesting information, so I thought I would share.
I think credit goes to you for coming up with these fantastic ideas.
RJ
3 johnnyvento // Nov 18, 2008 at 1:50 am
I definitely think the consecutive days up/down is just as important as the co-relation calculation. Look at VECO- it still has a 90% probability of red on $DJI red, but it is now down 6 days in a row… it is bound to pop simply on that status alone… having the calculator will enable us to quickly determine how many times it has consecutively dropped before it went up… can’t wait
Just simple ideas really, you are the one making them happen!
4 iL Torello // Nov 18, 2008 at 1:58 am
Ramta…very interesting I think! I’m always reading, even though sometimes I don’t get to post a comment. Keep up the good work!
5 kanoe // Nov 18, 2008 at 2:25 am
Likewise.
dc5guy & I are definitely interested.
Keep up the good work.
Even though we’re not commenting, we sure are reading.
Good luck with OPTR.
I’ll be rooting for it to free fall, because I’ll be in with ya.
_kanoe
6 Charlie G. // Nov 18, 2008 at 7:52 am
I’m looking forward to it. While I like stockfetcher scans, the beauty of the calculator is that its a very simple, nifty application that I’m assuming these “teaser” tools will be like too. Ramta and JK, you seem like you make a great team.
7 mo // Nov 18, 2008 at 9:44 am
RJ
Love the calculator, and have used it often. Many thanks for your work and sharing here. I too, pop in and read almost everyday. I will try to comment more often, and am very interested in your next innovation / tool.
Looks like the hard work on the next tool is almost complete, now the fun part, naming the tool.
Thanks,
mo
8 SKM // Nov 20, 2008 at 6:33 pm
No one interested?! come on! look at how simple these tools are, yet how indicative they are, I just downloaded your co-relation tool few days ago, it’s nifty!
Haven’t starting trading real money yet, but would have booked $500 on GTE if I shorted two days ago, which I did with my play money account, DJI/GTE green 50%, DJI/GTE red %73..this helped make a “decision”.
9 RJ // Nov 20, 2008 at 8:10 pm
Thanks Guys,
Your encouragement keeps me going. I think I will have initial version of the new tools website up and ready this weekend.
RJ
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