Aces In The Deck

murthymsr · #**101** 22nd May 2006, 11:07 PM

Quote:

Originally Posted by chachi

Hi Murthy Sir,

It looks you may have to work up to give the STOCKS LIKELY TO MOVE DOWN also.

Regards
chachi

hi chachi,

may be, that is what people need....
but i have not thought on those lines, but i may have to do.
but by the time it is ready,we may not need it.
i will start work on that, but, i cannot give any timeframe.

murthymsr

murthymsr · #**102** 23rd May 2006, 08:04 AM

hi all,

today also, the screener has not selected any stocks with a good probability to move up.

it may be obvious, seeing the way stock prices moved in the last few days, inspite of some recovery in the later part of yesterday.

i thought a 'NIL' report is more informative to understand the selection process adopted by the screener than NO report at all and hense this post.

play with caution and all the best in trading.

murthymsr

lvgandhi · #**103** 23rd May 2006, 07:40 PM

I hope today's market improvement should suggest something

murthymsr · #**104** 23rd May 2006, 07:51 PM

hi gandhi and all,

The screener has NOT selected any stocks based on today's market also.
Basically, the screener looks for three days of good performance to be able to pick-up a stock. So I expect some selections from Monday onwards.

May be too conservative, but this is the way i like it to be.

Thanks for your interest.

murthymsr

lvgandhi · #**105** 23rd May 2006, 07:55 PM

Better to be conservative I feel.

chachi · #**106** 23rd May 2006, 09:35 PM

Quote:

Originally Posted by murthymsr

hi chachi,

may be, that is what people need....
but i have not thought on those lines, but i may have to do.
but by the time it is ready,we may not need it.
i will start work on that, but, i cannot give any timeframe.

murthymsr

No hurry sir, do it at your leisure. Just that thought came to my mind, so I put it.

Regards
chachi

nkpanjiyar · #**107** 23rd May 2006, 11:14 PM

'NIL' report vs 'NO' report. Nice one

cheers,
nkpanjiyar

murthymsr · #**108** 24th May 2006, 10:39 PM

hi all,

today also the visitors to the thread have to be content with a 'NIL' report.

the screener has initially selected just ONE stock with a potential to raise in short term. but as per present logic, unless it identifies TWO stocks, it will not give the final selection report. i feel that the present limit of TWO is too small and i intend to raise the limit to FIVE. i feel if five goods stocks could not be identified from out of about 800 stocks traded on NSE, the market is still NOT worthy of investment. my approach may be highly conservative but this is the way i like it to be. i invite knowledgeable members to express their opinion for NOT raising the limit to five, if they have any.

you may be interested in knowing the name of that stock. i will be posting the name of that stock sometime AFTER tomorrow's market. (

)if required, i may postpone my reply till sunday night also. the name of the selected stock with the reasons will provide the necessary familiarity into the selection process by the screener.

in the mean time, let us have some fun and some learning of technical analysis.

i invite all visitors to this thread to identify THE stock identified by the screener and post it in this thread. they may select upto 3 possible stocks and post them in this thread, but all selections are to be made in a single post ALONGWITH reasons for selection. for getting familiarised with the process of selection by the screener, you may visit the various posts made by me in this thread and also and the thread in the software section:

http://www.traderji.com/software/448...m-trading.html

Just for the information of new members, the screener is predominantly a technical analysis screener with a statistical approach.

the objective of this game is learning technical analysis.

all the best and the game game starts now.

murthymsr

pkjha30 · #**109** 24th May 2006, 11:00 PM

Attention members

You are about to become Sherlock Holmes. Do find a Dr. Watson before you proceed.

Sorry Murthygaru

I am unable to identify the stocks, I am weak in stat.

Regards
Pankaj

murthymsr · #**110** 24th May 2006, 11:45 PM

pankaj,

evaluation of each stock is just by TA with indicators like MA. mACD, RSI, price-volume explosive moves and the like. instead of the investor seeing the chart and forming an opinion, the program computes and compares.

in the first phase only TA methodology adopted in the screener.

only in combining their effet, and for considering all stocks, some statistical considerations used.

murthymsr