Forum Archive Index - March 2002

[Phaedrus <Phaedrus@techemail.com>]

 Eldercare is in an uptrend. This means that it is appropriate to monitor its 
progress with trend indicators, rather than oscillators, which are more suited 
to stocks that do not have any clearly defined trend.
 The three optimised trend indicators plotted below were chosen because 
backtesting showed them to be the most profitable indicators to use with this 
stock. These indicators all differ in the way they are constructed and so have 
different levels of activity. Because they are all indicators of the same 
class, there is a high degree of correlation between their signals. All four 
indicators (PFI, SAR, DMI and Trendlines) would have you well into profit, and 
holding this stock at the moment. The more active indicators tend to make 
bigger gains in the short run, but may well make less in the long run with this 
stock.
 The Polarized Fractal Efficiency ribbon at the bottom of the chart is green 
when the trend is up, as quantified by the PFI being greater than zero.

               Phaedrus.

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