Quote from poland:
ADR = Average Day Range??
The stock need to range a certain range daily so that it is tradable??
Can we apply it to slower stocks on a weekly basis??
you do not want to have less than 3+beta's in your trading universe.
You can sort them according to their location in the trading cycle so you can do cross over trading based on optimizing money velocity of profits.
how long the crossover events are is NOT based upon time but based on the OOE of a trading cycle.
WJO'N proved very very conclusively that sorting universes was to be done on an EPS and RS percentile basis. That still holds in this Depression.
