hi uma,
it may be so. I can not confidently say that it would reinforce the result. But as we know savant is having vast experience and can spot the signals with great accuracy. I would put it this way: As savant has also got the two stocks in his list, my triggers also can be relied upon. But not the other way round. In fact i had a couple of stocks showing buy signal from my analysis which are also there in savant's list. But i did not post them because i have seen a particular pattern in those which does not give me confidence. One example is that of bankindia. Although i have a buy trigger yesterday it appeared to me that a little more increase in price is required to get confidence. After i get the signals from my program, i manually see the chart and decide. On inspection of chart of bankindia, i found it had a particular pattern which suggests it is not yet ready to be considered as a valid signal. So, i can say it has come to 'buy alert zone'. The criterion which qualifies a signal as valid has to be built into the program which i am not able to do right now. Therefore i inspect the charts manually and decide. Once i am able to code it into program then it will become more automated and mechanical. In my opinion, any signals generated programatically should be validated by manual verification.
-anant
it may be so. I can not confidently say that it would reinforce the result. But as we know savant is having vast experience and can spot the signals with great accuracy. I would put it this way: As savant has also got the two stocks in his list, my triggers also can be relied upon. But not the other way round. In fact i had a couple of stocks showing buy signal from my analysis which are also there in savant's list. But i did not post them because i have seen a particular pattern in those which does not give me confidence. One example is that of bankindia. Although i have a buy trigger yesterday it appeared to me that a little more increase in price is required to get confidence. After i get the signals from my program, i manually see the chart and decide. On inspection of chart of bankindia, i found it had a particular pattern which suggests it is not yet ready to be considered as a valid signal. So, i can say it has come to 'buy alert zone'. The criterion which qualifies a signal as valid has to be built into the program which i am not able to do right now. Therefore i inspect the charts manually and decide. Once i am able to code it into program then it will become more automated and mechanical. In my opinion, any signals generated programatically should be validated by manual verification.
-anant
Hi,
Anant,
A man of logic ! Nice explaination as usual.
You are right, Savant Sir has a cristal ball ( as members says so....I don't think so Savant Sir ! ) to see the things in advance. I have also noticed that he spots the signals too early to believe it. There are so many examples, see today PFC in second session or his replay of assurance to wait till Wednesday to all of us when everybody gave-up.
He is Master of the Market and kind enough to love all of us and share his knowledge. I wish sometime I meet him personally to thanks him for the things he is doing for us.May the Almaighty bless him in his work.
Good luck to you Anant for your afl developement.
Uma thanks for timely query. Thanks a lot for your efferts of daily updates.
Regards,
CNB