Tools for Timing By John Sweeney
MIRAT is a mechanical trading system and is the objective core of all three
Tools for Timing packages. It implements the idea that market bottoms can be
identified by new market lows.
Timer includes the basic timing model in MIRAT but adds many more
indicators, making for a method of timing the overall market. The indicators in
this program measure changes in trading patterns that define and predict market
Timer Professional comes with extras such as stock and index data and a training
game. The user's judgment and expertise adds value to the mechanical trading
system at the base of the program.
M ichael Burk, founder of Tools for Timing, bucks the trend of many experts with his belief that he believes it
is possible to time the stock market and that anyone can do it. He created the concepts expressed in Tools for
Timing's stock market timing program Timer. In fact, he detailed his thinking on some of these concepts a few years
back in several STOCKS & COMMODITIES articles. Timer implements the idea that market bottoms can be
identified by new market lows. Together with other indicators included in Timer, this makes for a method to time the
Subsequently, he accepted the challenge of making this somewhat subjective theory objective, succeeding with the
program MIRAT (Mechanical Intermediate Range Timer). Since MIRAT is objective and its performance can be back
tested, MIRAT is considered first here. Then, discussion of the more subjective approach found in Timer and Timer
Professional follows. It is helpful to keep in mind, though, which program came first.