The Rocket Filter - Unmasked

In case you don't follow the comments, slotmonkey, supplied the missing code for "The Rocket" filter which Mike over at Stockmonster wrote. See the link list for his address - a good site.

show stocks where count(RSI(2) 2 day ago above 90,60) is above 0
and RSI(2) is below 20
and average volume(10) above 250000
and close one day ago more than 8% below close 2 day ago
and close more than 4% below close 1 day ago
and close above 0.99
and 60 day slope of close is above 0
and market is not otcbb

The first line by the way is designed to find an unknown moment in the past when the RSI(2) was greater than 90. Because Mike didn't know how far back that would be he used an ingenious construct that ensured that he would catch one. Why 60 days was required I don't know but it works and that's all that counts.

Unfortunately using my standard test method this approach yields negative ROI in both the current and last periods. (The same periods that my derivation yielded 200+ and 500+ ROI. The interesting thing is that the win percentage of 47 and 52% respectively is better than mine. But no win percentage that produces more losses than profits is going to entice me to use the code.

Slotmonkey mentions that the "reverse rocket" is even more impressive (used for shorting) since I don't short it doesn't matter to me - but if the code is provided I'll supply it as a public service to my readers.

I'm going to stick with "Dead Cat Bounce" and see if I can make a buck or two off it.

Today's Rocket selection is TAG - it's ugly but cheap.

Today's Dead Cat Bounce (Marlyn's Filter) is ANGO which showed at the top of a 6 stock list - the 6th stock on that list was TAG.

We can now have a shoot out.

Tags? Tags? We Don’t Need No Stinking Tags

That movie was on the other night – The Treasure of the Sierra Madre - one of Bogart’s top 3 – which include Casa Blanca and ______ (You fill in the blank – I don’t need no stinking arguments either).

I’ve been tagged so the anonymity of the net becomes a little less for me. Anyway – here goes –

1. I am retired, 62 years old, married 40 years with 4 children and 5 grandchildren, and I live in Maryland.

2. I had two long, rewarding careers – the first in the United States Air Force fighting Commies in the Cold War and the second as a systems engineer for several companies. I spent most of my second career helping to develop and deploy the GPS system so that Domino’s Pizza can better deliver their products.

3. I am a published poet who has been paid for his work (I still have the check – poets, much to my chagrin, aren’t paid much).

4. I once bowled a perfect 300 game (ten pins). I know the feeling of the 12th ball – it is the most amazing feeling in the entire world, you hardly think you can approach the line never mind deliver the ball. The only thing that was going through my mind during the half hour it took to roll that final shot – please God – don’t let me screw this up.

5. I try to learn something new every day. And that is why I started this BLog – it forces me to have the discipline to come up with something fresh and new every day – the only way I can do that is to research it, learn about it, and then write it down – once I write it down it stays with me. So there you have it - the last personal statement – I’m selfish – you guys thought I was writing all of this for you when really it was for me. Of course you are always welcome to read it.

I'll make my three tags to the BLoggers I select in their comments.