StockFetcher Forums · Filter Exchange · What’s A Dummy Spot?<< 1 2 3 >>Post Follow-up
alf44
2,025 posts
msg #69586
Ignore alf44
12/5/2008 11:47:01 AM

"...dummy spot pick up a few that your scan missed the other day..."

---------------------------

How can that be ?

Am I missing something here ?

An "Inside Day" is very explicit...why would there be a discrepancy ? tia


Regards,

alf44

chetron
2,817 posts
msg #69587
Ignore chetron
modified
12/5/2008 12:04:48 PM

i am sorry, i meant, my filter version of your worksheet did not pick it up, because i assumed doji and nr4 would include id's.



alf44
2,025 posts
msg #69589
Ignore alf44
modified
12/5/2008 12:30:39 PM

Ahhh...I see !

Nope !

------------------------------

An "Inside Day"...can DEFINITELY be...a "doji"...an "NR4"...and even an "NR7" !

But, a "doji" and an "NR4" or "NR7"... DEFINITELY does NOT have to be a "Inside Day" !

-------------------------------

Regards,

alf44


alf44
2,025 posts
msg #69590
Ignore alf44
12/5/2008 12:37:02 PM

Chet...

...now decipher the importance of the "tight" column in TRO's "dummy spot filter" . tia

chetron
2,817 posts
msg #69600
Ignore chetron
12/5/2008 4:23:01 PM

i don't know, alf, what is the importance of the number of consecutive inside days?????????????


alf44
2,025 posts
msg #69602
Ignore alf44
modified
12/5/2008 5:31:31 PM

chet...

...don't think it's (ie. the tight column) showing consecutive Inside Days ! (if I understood you correctly)

As a matter of fact...consecutive Inside days are fairly rare (at least on the Daily Charts).

I'm not sure what TRO is trying to display here...perhaps he can offer some clarification.

-------------------------------------------------

I actually DO have a measure in my "Range Contraction/Expansion" scan...that looks for "Sharks".

A "Shark" ...as I call them ...is 2 consecutive Inside Days. (it's a variation of a Jeff Cooper pattern)

I like to watch for "Sharks"...but, they don't...ah hem..."surface"...frequently. They obviously are an indication of "contraction"...and when they DO pop up...they can be explosive ! fwiw


Regards,

alf44


chetron
2,817 posts
msg #69603
Ignore chetron
12/5/2008 6:01:03 PM

tight is a narrowing range day



alf44
2,025 posts
msg #69604
Ignore alf44
modified
12/5/2008 6:20:16 PM

huh ?

Can you elaborate further ?

Say that I see symbol XYZ...and a "4"...in the "tight" column...what is that suppposed to be tellin' me ?

-------------------------------

BTW, Rumpled...feel free to jump in here if you like !

--------------------

*** EDIT --> The "tight" # indicates how many consecutive days "Range" has been narrowing (ie. contracting) from the day before...with the MOST RECENT DAY...being an "Inside Day" !

Hmmm...kind of a neat thing to know...nice work TRO !



TheRumpledOne
6,359 posts
msg #69629
Ignore TheRumpledOne
12/6/2008 7:59:42 PM

Forget about this one.

Been busy with NEVER LOSE AGAIN, FADING THE GAP and RUN FOREST, RUN.



alf44
2,025 posts
msg #69634
Ignore alf44
modified
12/6/2008 10:51:24 PM

"Forget about this one " ???

---------------------------------

Rumpled...I've been preaching "Range Contraction" for 5 years here at SF...and finally...you make
an "overt" contribution to this approach...and after having done so you say...

..."forget about it" !!!???!!!

---------------------------------------------------------

You disappoint me, my man !!!

Believe it or not...THIS just may be one of your more insightful contributions...YET !

Ironic that it's called "Dummy Spot"...and the most prolific SF contributor...EVER...is too "dumb" to see the significance !!!

-----------------------------------------------------------

But I kid ! (sorta)

You know I love ya...you know I hold you in the highest regard...you know you're the Edison...the Steve Jobs...the Riggs...of StockFetcher !!!

Seriously...this is good stuff...delve deeper into this "Range Contraction" stuff !!!

Though I joke around...your "outside the box" insight...is never lost on me...I lap it up with a spoon !!!


Regards,

alf44


PS. NOW GET BUSY !!!


StockFetcher Forums · Filter Exchange · What’s A Dummy Spot?<< 1 2 3 >>Post Follow-up

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