Wednesday, September 29, 2010

The Short Term Multi-Day Penetration Reversal Trading Systems, Report #4 by Gerald Appel


The Short Term Multi-Day Penetration Reversal Trading Systems, Report #4

by Gerald Appel

Book Description: Scientific Investment Systems, Inc., Toronto, 1982. Soft cover. Book Condition: Very Good. 4to - over 9¾ - 12" tall. Softcover, Saddle Stitch, Green wrappers with black title to cover. Book Condition: Very Good, spine faded, corners bumped, covers slightly rubbed, internally clean and free of marks. Contents: This is report #4 in a series of Trading Systems that Gerald Appel (Inventor of MACD), published to subscribers of his service in the early 1980s. This system is based no the 9-day moving average introduced in Report #2. For more on the content, here's an excerpt from the Introduction. "In this report, we are presenting our research into three alternatives to the basic 9-day moving average system. In future reports we will consider further alternatives. Although the posting and maintenance of a number of short term trading systems may appear, at first thought, somewhat superfluous and redundant, there are actually several sound reasons to adapt this procedure. For one, the majority of sound trading systems will tend to produce similar results on balance, with, however, somewhat varying trading characteristics." -- Includes numerous charts and tables in addition to the results of over 10 years of back-testing. VERY SCARCE title, 15 pages. Collectible.

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