Scott’s Journal

[TrentRothall]

Boom! Nice one

[JulianCohen]

Most Excellent!!

[Anonymous]

Nice!!

[ScottMcNab]

Actual results for March :+2.4%

There’s always one !

[ScottMcNab]

April results for MOC combo: +3.07% (ASX 1.8% and US 1.2%)

[JulianCohen]

Well done. I scrapped my ASX MOC as I wasn’t getting any results and chewing up money on bro.

[LeeDanello]

The results didn’t follow your backtest results?

[JulianCohen]

I just decided it was too brokerage heavy. yes it did make money and the results were in line with the backtest, but I figured I would put the funds into other systems that paid less bro. I know where you are coming from and totally understand, but this was my ‘irrational’ decision

[ScottMcNab]

TFI Friday….roller coaster of a week

6000 is only a number right ?

[JulianCohen]

Scott McNab wrote:

TFI Friday….roller coaster of a week

6000 is only a number right ?

It is but + is better than – !

[ScottMcNab]

It would be great to understand why the index climbs towards 6000 and then retreats in the absence of a fundamental change…can’t imagine that pension funds would be selling in anticipation of resistance…maybe the short term traders just increase short selling and the pension funds or other large institutions stand aside so they can pick up their stock in the days or weeks to follow at a cheaper price ? Luckily, I don’t need to know in the end but it is an intriguing puzzle

[TrentRothall]

I agree Scott, the inner workings of the market interest me. How anyone can trade on fundamentals baffles me, especially short term. The market seems to have a mind of it’s own driven by something i don’t understand.

[SaidBitar]

Add one to the confused group.
especially now in the earning season you find stocks fall 25% and more because they miss earnings by 1cent, but they never go up 25% if they earn better than expectations.
[My imagination] big funds with Billions in the market they just decide to go out and they go out at once so they push the price all the way down, but when they go in they go in slowly so they will not have huge impact on the price. Sounds stupid since they will lose more when they drop the price like this anyhow for me this is VOODOO

[ScottMcNab]

System has selected 4 of the major aus banking stocks today….this may get ugly

[Nick Radge]

A lot of that was priced in yesterday, although not so much for Macquarie.

Will be interesting to see how international funds react today.

[Author]

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