How simple! Richard Donchian used the 4 week rule. The Turtles used the same strategy in the eighties. Donchian's strategy was to "buy when a stock made a 4 week new high" and his exit rule was " sell when it makes a two week low" How simple things can be! But the very simplicity of this concept makes it difficult to understand for today's fast paced internet freak day traders who have no vision to look beyond a 24 hour life span, forget about four weeks! Pity! and in a way it is good because there would be less competition! Ignorance is bliss.
Article adapted from and written by The Indian Market Monitor
