QUICK - SCANS MAJOR MARKET MOVE INDICATOR Market Trend Software.. RD#1, Box 193C Rome, NY 13440 (315) 337-4412 Price: $49.95 postpaid Service: undisclosed indicator When something for less than our traditional limit of $100 floats across our desks, we always give it an immediate look in hopes of finding a bargain. MMMI meets the price test and, if nothing else, stimulates curiosity. MMMI is an undisclosed trading indicator which feeds off Dow or OTC advances, declines, up volume, down volume and closing price. It is designed to catch major short-term moves in the overall market. Its reactions to the bull market and subsequent crash of 1987 are graphed in Figure 1. MMMI is a simple menu-driven program for IBM-type machines with at least 256K of memory and a graphics card. It runs under DOS 2.0 or better and comes with its own three-year historical database plus a file of current prices. New prices are entered daily from The Wall Street Journal or Daily Investor. Fed new numbers each day, MMMI will compute and print the most recent chart together with the buy, sell or hold advice. Since the indicator and its rules are not disclosed, there's no telling what's going on. You are supposed to gain confidence by observing how it has reacted to past markets. We don't plan to comment further on this one, given our recently developed bias against undisclosed systems. The MMMI disks we got run well although the graphics are slow. For only $49.95, it may be appropriate for systems nuts, systems crackers and curious traders who need another tool for playing the indices. |
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