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Volume 13 Article List

Relative Dividend Yield and Technical Analysis

To trade the stock market effectively, you need a plan to pick out the stock that could outperform others. Here's an example of a plan for trading that uses a stock's relative yield to the broad market and technical analysis. By Thom Hartle

Leverage and Commodities

Malley explains how to determine the appropriate amount of leverage for commodity trading. By J.M. Malley

Identifying Trades With the Option Premium Ratio

Identify trading opportunities for the stock indices with the option premium ratio. By Christopher Cadbury

Quantifying Your Markets

After you've gained some experience with trading, you'll begin to notice that the market you trade has some typical characteristics. Have you ever considered quantifying them? Here are some ideas on the subject. By Thom Hartle

The Insync Index

Here's a method to graphically display the signal status for a group of indicators as well as an algorithm for generating a consensus indicator that shows when these indicators are in sync. The methods described can be used with any group of indicators. By Norm North

Designing a Personal Neural Net Trading System

What goes through the mind of someone designing a neural network trading system? Last month, James Stakelum explained some of the steps involved in putting together a neural network. This time, he talks about the choices he made to design a neural network to apply to the financial markets specifically. By James Stakelum

On Emotions and Trading

How do your emotions affect your trading? The founder of Trading on Target discusses ways to break emotional patterns that hinder your trading success. By Adrienne Laris Toghraie

Defining the Commodity Channel Index

Presented here are the ins and outs of the commodity channel index, as defined by creator Donald Lambert and modified by the author. By D.W. Davies

Interview

Avoiding Risk: Jerry Wagner, Fund Timer

Jerry Wagner, president of Flexible Plan Investments, Ltd., of Bloomfield Hills, MI, currently has approximately $200 million under management. His firm was the top-ranked market timer for the last seven years in the MoniResearch newsletter's 1993 annual survey of market timer performance. He is a founding member of the Society of Asset Allocators and Fund Timers (Saafti), a nonprofit trade association of registered investment advisory firms that manage client assets with market timing. Stocks & Commodities Editor Thom Hartle interviewed Wagner on October 27, 1994, via telephone and discussed how market timing can improve investment returns and how he uses the political climate as an indicator. By Thom Hartle

Quick-Scans, Reviews

Behold! Macintosh v. 2.2

SuperCharts (Omega Research)

A Mutual Fund Switch System

Testing indicators to confirm viability is always important, and here, two indicators that stand up to historical testing are presented and then used to develop a simple mutual fund switch system. By Nelson Freeburg

Bullish/Bearish Percentages and the Djia

Curious about how state of mind plays a role in trading? This author has studied investment surveys that detail bullish and bearish states of mind of advisors and investors and he has identified patterns that indicate trading opportunities for stocks and stock indices. By Christopher Cadbury

Are Your Inputs Correlated?

Here are statistical ways to measure the correlation between data and to combine two data series to form a new one. By Clifford J. Sherry, Ph.D.

Leverage and Equities

Here's how to find the appropriate leverage for stock trading and researching leverage with a simulated portfolio. By J.M. Malley

Centered Trading

Successful trading requires the willingness to commit to specific objectives. Here, psychiatrist Ari Kiev explains how to center your state of mind to optimize your trading. By Ari Kiev, MD

Interview

A Talk With a Mortgage Maven:

Mary Pugh of Pugh Capital Management

The year 1994 will be known for the debacle in the derivatives markets. But what are these instruments that seem to have left a number of money managers holding the proverbial bag? To answer this question and others, we spoke to Mary Pugh, former senior vice president of Washington Mutual Savings Bank and now a fixed-income money manager in Seattle, WA. We spoke to Pugh about the mortgage-backed securities market, how it works, what the instruments derived from mortgages are all about and more. By Thom Hartle

Statistically Positioned Trend Channels

Trend channels are a method by which to identify the outer boundaries of a trend. A number of methods are based on the technician's judgment to identify the components of a trend channel. Here's one method that reduces the need for seasoned judgment by using two statistical methods to determine the components of a trend channel. By Bob McCullough

Quick-Scans, Reviews

Auditrack

Reuters Money Network Platinum Service

Visual Pattern Designer Professional

A Market Bottom Pattern For S&P Futures

The S&P futures market is dominated by anti-trend traders. It's a fact: It's a tough market to trade using trend-following approaches. But if you can't beat 'em, why not join 'em? By Tushar S. Chande

Trading the Eurodollar

Trading methods don't have to be complex; indeed, they can be very simple. Here's one that will help you trade Eurodollars. By George Panagakis

The Cup-With-Handle Pattern

Most technically based traders become familiar with the classic chart patterns because those patterns give the trader visual evidence of the demand/supply balance of a stock. Interpreting the chart accurately can give you an early warning about your next trading opportunity. Here, the cup-with-handle pattern, a relatively new chart formation, is examined. By Gregory Kuhn

The Trader and the Internet

By now, much has been written about the Internet, the international computer users' network. But details have not been as forthcoming. How can Internet help traders and investors? By Suzanne Withers, Ph.D.

Overcoming Resistance

Sooner or later, many traders encounter problems limiting their success. Often, the solutions are available but people resist changing. Why do they do that, anyway? Toghraie explains how to overcome resistance. By Adrienne Laris Toghraie

Interview

Building a Better Mousetrap: John Sosnowy of Simco

There seems to be a connection between engineering and investing. Like Jack Hutson, the publisher of Stocks & Commodities, John Sosnowy of the Sosnowy Investment Management Co. (Simco), Cameron, TX, was an engineer before he turned to the world of finance. He changed careers in 1969, leaving the engineering field to work as a stockbroker for a major brokerage firm before starting up his own investment advisory concern in 1984. We interviewed John Sosnowy, covering the concept of tactical asset allocation, how to design a market model and what indicators to use, the funds he particularly likes, determining the amount of risk an investor is most comfortable with and the secret to making a profit in the market. By Thom Hartle

A Trade in Foreign Currencies

Here's a recent trade in foreign currencies what was used, the reasoning behind it and the outcome. Take a look. By D. W. Davies

Trendlines

How do you use trendlines? It's one of the most basic tools of investment analysis, yet it's not explained as clearly as it might. If you're just starting out, here's the scoop. Or if you're an old pro, here's a refresher. By Bruce R. Faber

The X'd Trade (or, Where's My Fill?)

What you see is not necessarily what you get. What you see for prices on your computer screen may not be what's really going on in the commodity pits. Some prices that appear on your screen may even be canceled. How's that? Here's how. By Joe DiNapoli

Quick-Scans, Reviews

Binomial Market Model, v. A.08

Monocle

HyCharts

Option Master for the Newton

Stock Doctor, v. 3.13

Mesa for Windows, v. 1.5

Thinks, v. 103

What Is the Impact of the S&P 500?

What impact does the variability of the market have on the price of an individual stock? This S&C contributor suggests a way to measure the impact of the Standard & Poor's 500 on your favorite stock. By Clifford J. Sherry, Ph.D.

Measuring Linkage

Seasoned traders know that relationships exist between markets. In theory, if fundamentals move one market in one direction, then another market may also move in the same direction or show a propensity to move in the opposite direction. These intermarket relationships are often referred to as linked markets. Can traders use this information? Indeed they can. Here are some ways. By Thom Hartle

Range Breakout Trading in Treasury Bonds

Markets are either trending or in a trading range marking time until the next trend. It follows, then, that a potential trading concept is to identify the trading range and wait for the new trend to start. Here's one method for identifying a trading range and the results of trading the breakout. By Alex Saitta

Modifying the Parabolic Stop and Reversal

The parabolic stop and reversal indicator is a popular trading tool, but it's subject to false signals. Here's how it can be modified to improve its performance. By Dennis Meyers

Trading, Profitability and Leverage

Leverage is a key factor in trading, but few traders understand its importance. Here, Malley concludes his work on the subject. By J. M. Malley

Interview

Charles D. Kirkpatrick II of Kirkpatrick & Co.

Charles Kirkpatrick II is not only a market researcher and money manager, but he also holds the distinction of being the first recipient of the Charles H. Dow Award for technical analysts. This award, which is cosponsored by Barron's, the Market Technicians Association (Mta) and Dow Jones Telerate, is based on the best article submitted to the Mta. Stocks & Commodities spoke with Kirkpatrick about the research that led him to his award-winning theories, how he selects stocks, his thoughts on risk management and more. By Thom Hartle

Modifying the Volatility Index
Here's the scoop on the volatility index as an analytical tool for identifying extremes in market sentiment. By S. Jack Karczewski

The Force Index
Here's a little-known indicator that combines price change and volume to create a short-term and an intermediate-term trading tool. By John A. Sarkett

Quick-Scans, Reviews
The New Science of Technical Analysis R.N. Elliott's Masterworks Mathcad Plus 5.0 for Windows Finance Pack for Mathematica for Windows 2.2.3

Making the Titanic Fly

The Titanic syndrome is a stock market timing system built on various stock market indicators. As with all trading systems, additional refinements are possible on the original. Here, then, is one trader's double set of modifications on the original Titanic syndrome system. By Dennis Meyers

NYSE Tick Index and Candlesticks

The tick index may appear to be one of the simplest of market indicators, but it also offers insight into market psychology. As a stand-alone indicator, the tick index has its place in the technician's toolbox, but combining the tick index with candlestick charting, another technical method for spotting changes in market trends, creates a potent combination. By Tim Ord

A DJIA Long-Term Momentum Indicator

Picking the tops and bottoms of the market has always been the dream of traders. Is it necessary, though? Here are the results of using a long-term momentum indicator based on the Dow Jones Industrial Average (Djia). By Jay Kaeppel

Using a Covered-Call Options Strategy

What can investors do to overcome adverse market conditions? You could try using a covered call strategy. This strategic planner and analyst recounts a series of trades he executed using a covered-call options strategy in a high-technology stock. By Lawrence Serven

Trading Multiple Time Frames

Waiting until the end of the day for a trading signal may be an unnecessary delay for your trading system. How can we get around it? Here's one trader's method of improving a system by using more than one time period for market signals. By Gene Carey

Interview

Exploring the Science of Technical Analysis: Thomas R. DeMark

Thomas R. DeMark has been called "the ultimate indicator and systems guy" with the publication of his well-received book, The New Science of Technical Analysis. Who is he and what has he done that deserves such accolades? Stocks & Commodities interviewed DeMark about his trading philosophies and how he explored the frontiers of technical analysis using basic techniques. By Thom Hartle

Forecasting T-Bill Rates With a Neural Net

Have you ever wondered how accurate the consensus estimates of interest rates were from the top US economists? How about how accurate those economists are in comparison with neural net technology? Here's how to use neural nets to forecast rates. By Milam Aiken

Promising the Results

Overcome psychological impediments to your trading. This psychiatrist discusses how to maximize trading performance by committing to specific financial results. Ari Kiev, M.D.

Quick-Scans, Reviews

Time to Trade

U.S. Equity OnFloppy version 4.0 Tradeline Electronic Stock Guide The Institutional Report and Power Plus

A Weekly S&P Trading System

Here's a trading system based on a price pattern and which uses the Standard & Poor's 500 index as a test case. By Adam White

Sidebar: MetaStock syntax

The Range Indicator

Here's a new indicator based on the change in a day's trading range as evidence of the start of a new trend in a market. By Jack L. Weinberg

Candlesticks for Support and Resistance

Even as you read this, the candlestick charting technique, with its origins in Japan, is being absorbed into the ways of Western technical analysis. Here's how candlestick charting can be used for a typically Western technical analysis strategy. By John H. Forman III

Optimum Predictive Filters

The optimum predictive filter is the difference between a technical indicator, such as the relative strength indicator or stochastics, and its exponential moving average. Here, we describe it, how to generate it, and how it can be used. It cannot be used in all market conditions but carefully observing when it can be used can make it a valuable weapon in your technical arsenal. By John F. Ehlers

Sidebar: Averaging lag and the EMA constant

The Ratio of Inflation Rates and Currency Trends

Exchange rates fluctuate on a second to second basis, but the long-term trends can be understood by using an indicator based on the ratio of inflation rates. The case in point? The recent Mexican peso debacle. By John Kean

Back-Testing the Daily Sentiment Index

Market traders and advisors use sentiment surveys as a tool to identify extreme bullishness or bearishness. Here, then, is one trader's research into identifying what the best levels of a sentiment survey are for trading Treasury bond futures. By Lee Ang

Interview

A Guide to Smarter Trading: Perry Kaufman on Market Analysis

Perry Kaufman began his career in the field of trading and market research in 1971. Since then, he has been a money manager, consultant and author of six books, including the popular Commodity Trading Systems and Methods. His most recent book, Smarter Trading, presents his perspective of the key issues in trading and designing systems. Today, he writes and edits the quarterly report "Kaufman on Market Analysis," which he publishes from his farm in Vermont. Stocks & Commodities interviewed Perry Kaufman about how markets evolve, ways to manage risk, designing a trading system and his views on the use of computers to validate trading strategies. By Thom Hartle

Sidebar: Adaptive moving average

Quick-Scans, Reviews

Stock Selector System

Moore Research Center Report

Net Money

The Little Book of Investing

Beyond Candlesticks

NeuralWorks Predict for Windows, version 1.0

FastTrack, version 3.5

Getting Started in Stocks

Electric Scorecard II, version 6.0c

Neural Net Tutor, version 1.0 for Windows

Money Maker for Windows, version 2.0

Signaling Change with Projection Bands

Projection bands, a new method using trading bands, projects market data forward along the data trend with the maxima and minima of the projections defining the band. The method provides another means of signaling potential changes for market direction relative to the trend. By Mel Widner, Ph.D

Sidebar: Trading Bands

Sidebar: Projection bands and oscillators

Using Filtered Waves for Trend Analysis

Filtering is simply processing price data to remove extraneous, noisy, information. What's left after filtering can be considered to be the more important and perhaps tradable information. Here's a method to filter price data for reliable patterns as well as some suggested trading plans. By Scott Barrie

Sidebar: Filtering in Excel

Logarithmic Point & Figure Charting

Traditional point & figure charting is one of the oldest methods known in technical analysis. The technique is unique because it only records the direction and change in price while ignoring the passage of time. But it has certain disadvantages; for example, it is virtually impossible to adjust a point & figure plot for stock splits or dividends without replotting the whole chart. Making each box represent a fixed percentage change a logarithmic scale has several advantages. Here's what they are. By William G.S. Brown

Trading with the Cup-with-Handle

Here are some more nuances for trading stocks based on the charting pattern called the cup-with-handle pattern introduced by William O'Neil. By Gregory Kuhn

UD% Price Change Indicator

This indicator expresses buy and sell signals based on user-defined percentage changes in a market. The UD% price change indicator is compared with a simple moving average crossover and two different channel breakout systems using the Standard & Poor's 500 index as an example. By Dennis Meyers

Interview

Teacher, Trader Still Teaching: Joeseph Stowell

Many Stocks & Commodities readers dream of trading for a living; they fantasize about giving up their humdrum day-to-day job and focusing on the opportunities in leveraged markets such as futures. But as everyone knows, dreams and realities are usually far apart. Can it be done? Can you be an overnight success? Meet Joseph Stowell, a former schoolteacher who patiently worked at trading for more than 20 years before realizing his dream of trading for a living. Stowell spoke to S&C about how he did it, what it takes to trade successfully, his way of trading Treasury bond futures and more. By Thom Hartle

Sidebar: Cups and caps

The Whole Brain Trader

Does the part of the brain that influences you the most affect how you trade? The founder of Trading on Target explains the importance of using skills that are built on both intuitive and deductive mental processes. By Adrienne Laris Toghraie

Quick-Scans, Reviews

TT ChartBook version C, page 85

MetaStock for Windows version 5, page 93

TradeStation version 3.5, page 102

The Utility Average Stock Market Indicator

Here's a new indicator for trading the Standard & Poor's 500 index, based on the relative performance of the Dow Jones Utilities Average to the S&P. Trading rules and supportive studies are also provided. By dennis Meyers, Ph.D

Dividend Yield Buy-and-Hold Meter

Here's a comparison of the historical dividend yield of the S&P 500 on a monthly basis and what the 10-year total return for the S&P was after each observation of the dividend yield. By Elliott Middleton, Ph.D.

Using Value and Technical Analysis

There are various ways to select what stocks to trade. Here's a method that combines fundamental value and technical analysis as a way to select a stock, and a real-world trading situation on which it was applied. By Thom Hartle

Should You Trade Futures?

Here's some helpful advice to novices who are considering trading commodity futures. This should give you some idea of what's involved. And whether you should. By Jay Kaeppel

Stopping Points in Trading

This psychiatrist, who teaches strategies for trading success, discusses the identification and management of psychological stopping points that can limit your success as a trader. By Ari Kiev, MD

Trending on a Historical Basis

The question is as old as technical analysis itself: Does the market trend? Here's a method to determine the degree to which markets trend historically. In addition, there's a comparison of various markets based on the observable degree of trend. By Alex Saitta

Basic Techniques of Analyzing Systems

What should you consider when you're designing or testing a trading system? Here are some hints that may help you. By Mike DeAmicis-Roberts

Sidebar: Money Management

Pattern Recognition and T-Bond futures

Pattern recognition is used to standardize and categorize market behavior into quantifiable market movements. After a collection of patterns have been identified, the market movement following each pattern can be measured. This post-pattern description can be used as a forecasting tool. In this article, Merrill waves are used as the basis for the patterns and forecasting. By Scott W. Barrie

Sidebar: Constructing MW patterns

Interview

The Nature of Risk: Justin Mamis and the Meaning of Life

Looking back on decades of market activity can give anyone a certain perspective, and Justin Mamis, who writes the Mamis Letter, a newsletter for Hancock Institutional Equity Services that is a joint venture of Tucker Anthony and Sutro & Co., certainly has the experience to speak about. He became interested in the stock market in the post–p;Korean War period, and in the ensuing four decades has seen tops and bottoms, been an executive at the New York Stock Exchange (Nyse), worked in a specialist firm, traded options on the American Stock Exchange (Ase), seen the development of trading instruments that were unheard of when he started out, and experienced and not necessarily to his liking the introduction of a tool that is nearly ubiquitous today, the personal computer. Stocks & Commodities spoke with him about how the markets, money managers and technical analysis itself have changed over the years. By Thom Hartle

Quick-Scans, Reviews

Asset Allocator

DataCaster, NetCaster

OptionVue IV, version 1.70

Signal for Windows

The Time Price Oscillator

Technical indicators, and oscillators in particular, measure the behavior of price relative to time. For example, the rate of change oscillator calculates the percentage change in price over a set period. That said, now consider an indicator that reverses the roles of price to time and measures the passage of time relative to price. This article details such an indicator, presenting numerous applications. By Tushar S. Chande

Detecting the Minimum Tradable Cycle

Cycle theorists will tell you that there may be tradable cycles within market data. Before looking for those cycles, though, you must determine the noise level within the data. Here are some methods to do so in this, the first of two parts. By Robert Wayman

Sidebar: Calculating noise level

The Short-range Oscillator and the DIJA

Oscillators come in many shapes and forms. Here, one unique oscillator is analyzed to determine patterns and the results in the stock market after a particular pattern occurs. By Christopher Cadbury

Sidebar: The short-range oscillator
Comparing Technical and Fundamental Analyses

Philosophically, technicians and fundamentalists appear to be at odds: One group studies underlying factors driving the market, while the other focuses on the market itself. Technical approaches count on the existence of price trends to make profitable strategies, but fundamentalists count on trends, too. Here, one market analyst reviews the differences and similarities between the two. By Alex Saitta

Refining the Relative Volatility Index

The relative volatility index was designed to measure the direction of volatility. Since it was first introduced, however, its developer has not simply rested on his laurels; here are further refinements on the original. By Donald Dorsey

Sidebar: Old RVI, nrv RVI and inertia

Preventing Trader Burnout

Do you ever feel too tired to go on trading? Do you feel as though you're losing the mental energy to even think about trading? You may be suffering from burnout. Here are some hints to overcome or avoid the problems that can come with trading. By Adrienne Laris Toghraie

Interest Rates and Stock Returns

Stocks perform best when interest rates are declining, but rate levels can make a difference. Here's how. By Mark C. Snead

Interview

Trading With the Conscious and Subconscious Minds:

New Market Wizard Robert Krausz

Robert Krausz, who was featured in Jack Schwager's The New Market Wizards, is many things: He is a trader, a student of the market, and a practicing hypnotherapist as well as a special investment advisor to the European Bank for Reconstruction and Development. With that background in mind, Stocks & Commodities spoke with Krausz about the steps to successful trading, the role of the subconscious for traders, and other topics. By Thom Hartle

Quick-scans, reviews

Smarter Trading

Advanced Get, version 6.05

Option Simulator/Real-Time, version 1.0

Tools for Timing

The End Point Moving Average

Moving averages have been used for decades to smooth out the noise in the prices of tradables. Here's an entry in the category, one that may provide a more accurate representation of market trends and turn out to be a more sensitive indicator of trend changes. By Patrick E. Lafferty

Identifying Powerful Breakouts Early

High-powered breakouts occur with a strong surge of momentum in the direction of the price change. Such breakouts may be short-lived, however, occurring toward the latter stages of a long trend. Sometimes, such breakouts signal the end of one trend and the beginning of another. In either case, identifying such market action early is likely to be highly profitable. Here, Contributing Editor Tushar Chande shows how you can use his original indicators, Vidya and the dynamic momentum index, to find big market moves. By Tushar S. Chande

Sidebar: Variable-length moving average

Options Spread Psychology

Choosing an options spread strategy depends in part on individual psychology about market conditions. By understanding how emotions affect behavior, traders can add precision to their options spread positions. By Steven P. Schinke, Ph.D.

Sidebar: Expectations and spread positions

Interview

Simplicity for Simplicity's Sake:

Andrew Addison of The Addison Report

In this increasingly complicated world, it's a comfort to hear that indicators don't have to be complicated to work well, as Andrew Addison of The Addison Report will tell you. Addison, who edits and publishes the newsletter, which is aimed at individual investors and stockbrokers, uses his law-school training to boil down what's important and eliminate the peripherals a handy thing for those who subscribe to the Report, as well as The Institutional View, his publication for professional fund managers. As Addison points out, he doesn't just try to find things that work, as we all do, but also things that are simple as well. Stocks & Commodities quizzed him about his views on stocks, bonds, gold and other markets using technical and fundamental analysis. By Thom Hartle

OEX Options Expirations Trading Patterns

There's a statistically significant bias in the weekly trading of the Standard & Poor's 100 index, in that the week that options expire is noticeably stronger than the week that follows. Statistics that check for significantly different means and ratios can help options traders detect these patterns. Not only that, options expiration patterns can also be useful neural network inputs. By David K. Moy

Sidebar: Technicals

A Mathematical Game Plan

Here's how the elements of a successful trading plan profits, losses, commissions and slippage can be used to quantify performance goals. By Gene Carey

Whipsaws, Linear Trends and Simple Moving Averages

How does whipsaw magnitude affect a simple moving average system? Here's a common solution for the problems of the Sma. By Robert Wayman

Put-Call Ratios

This measure of market sentiment uses options trading volume to measure crowd psychology. Here's one use of the ratio. By Lawrence G. McMillan

Quick-Scans, Reviews

Compilation: Books on trading

SuperCharts 3.0

Optionomics OnLine System 2.01

Support and Resistance With the Andrews Pitchfork

Here's a charting technique that's available in most of today's popular software. If you're not familiar with it, here are some tips to using it. If you are familiar with it, it's time for a refresher. By Barbara Star, Ph.D.

Are Managed Futures the Future?

This well-known money manager believes that managed futures should be a part of your portfolio. Here's why. By Victor Sperandeo

Trading T-Bonds and Currencies

Are you looking for a trading system that's elementary by design, yet effective for trading using entry and exit rules? Were you also thinking that it should be based on weekly charts? Well, you've found it. Take a look. By George Panagakis

Trading Munibond Funds With Munibond Futures

Designing a trading system is simply establishing a set of rules and back-testing them in the market. And there are different approaches and different markets to trade. Here's one example of developing a system to time entries into and exits out of municipal bond funds. By Dennis Meyers

Fear of Success

This psychiatrist, who teaches strategies for successful trading, discusses the identification and management of the fear of success. By Ari Kiev, MD

Interview

Sharing the Investment Secrets of a Hedge Fund Manager:

Money Manager Laurence A. Connors

What makes a trader a winner? It's hard to say. Laurence Connors, who is the co-author of Investment Secrets of a Hedge Fund Manager and the president of money managers Connors, Bassett & Associates, thinks it's all a matter of finding a personal method that works for each individual. Stocks & Commodities asked him about trading news reversals, why he likes to use average directional movement (Adx), why he doesn't worry when he has a string of losses, why he doesn't like mechanical trading systems and why he doesn't use oscillators. By Thom Hartle

The Accumulative Swing Index

Here's an indicator developed by J. Welles Wilder Jr. that determines the true direction of the market by comparing today's trading range with yesterday's activity. By Bruce R. Faber

Quick-Scans, Reviews

VectorVest ProGraphics, version 1

Personal Hotline, version 6.8

A Private Tutorial with Bill Williams

Aiq TradingExpert for Windows

The Neural Network Financial Wizards

What techniques do some of today's money managers using neural nets use? Here's a glimpse. By Steve Ward and Marge Sherald

The Commodity Channel Index Revisited

Traders use technical tools in different ways at different times. Here, then, is one trader's idea on how to use this technical tool to identify major market trends. By Jeanette Schwarz Young

On Range Trading

Markets move from trading ranges to trends and back into trading ranges. Presented here are methods to identify the trading opportunities based on identifying trading ranges. By Joe Luisi

Trading Decisively

Here's what a professional trader believes are important mental skills to trading. By Bruce C. Kramer

Interview

Trading Is a Business:

Four Decades With Joe Ross

There's nothing like a little perspective to give insight especially when that perspective comes in the form of trading for nearly four decades. Trader Joe Ross is one of the rare breed of trader, one who has seen the world change in front of him and been able to adapt to its changes. Further, Ross had a mentor long before that word came in vogue to teach him the ropes of trading. Stocks & Commodities spoke with Joe Ross on a variety of topics, among them how to get mentally prepared to make larger trades, why discipline is important, why seasonality is important, how he started day trading, how fundamental analysis works into all this and the true way to make money trading by not going for the big score, just taking from the markets on a day-to-day basis. By Thom Hartle

Neural Net Input Optimization Methods

Here's an article based on the author's own research of neural networks and personal experience developing neural net trading models. These findings are more from the practical/user-oriented framework rather than from a scientific research standpoint. By Kyle M. Druey

Computer-Assisted Trading

You can't be a good trader without being a good analyst. But the two are not synonymous: Just because you're a good analyst doesn't guarantee you'll be a good trader. To the accomplished analyst, trading is a mental game 80% of the time, but one for which he or she is poorly prepared. Here's how you can hasten the transition from analyst to trader. By Tushar S. Chande, Ph.D.

Quick-Scans, Reviews

Shiva version 1.0

Dow Jones Private Investor Edition

Quantitative Trading & Money Management

SignalCard

Fundamental Analysis

Stock Prophet version 2.0

Momentum, Direction, and Divergence