Software
Review of: |
 Several
years ago, when DOS was the operating system of choice, I found a Houston
based company named TELESCAN that seemed to have the best package of technical
stock market analysis tools that I could find. I bought the program and
used it. And it was good to me.
With the advent of Windows and the Internet, TELESCAN introduced its site on the Internet, This site combines many of the fundamental and technical analysis capabilities of its proprietary market analysis program, TIP@WallStreet, Telescan Investor's Platform, as well as news, information, analysis, International Markets, Currencies, 13 Financial Calculators, Chat Help and a lot more. The program offers logarithmic charting and is unique in that you download the charts from Telescan’s mainframe. This saves significant download time since you are not downloading voluminous raw data. With the auto logon feature, you can program the system to automatically download graphs and various technical indicators. (see Illustration #1). Over 80 technical indicators are provided, including Stochastics, MACD, Moving Averages with variable periods, Commodity Channel Index, Bollinger Bands, and much more. With profitability testing and optimization testing, you can use the program to test the effectiveness of buy/sell signals generated by technical indicators. Optimizing identifies the combination of indicators that produce the best results. Another favorite is comparisons. These comparisons can be for as little as one day or as long as fifteen years. Telescan's ProSearch Module is one of the most powerful stock screeningprograms available within a technical analysis program. For example, whether you are using one of the 30 sample searches, or creating your own using as many as 40 of the over 280 technical and fundamental criteria, you can find the top-ranked stocks based on value, growth, technical, or momentum factors. Some of the popular searches are Dividend Paying Stocks With Below Average Volatility, Searching for Analysts' Favorite Value Stocks, Rising Small-Cap Stocks, and Searching for Value-Oriented Momentum Plays. Quick search is a fast and easy way to search for stocks and mutual funds. With as few as three clicks of the mouse, you can search through the extensive database and generate a list of potential investment choices that match your objectives. From the most basic fundamental analysis, such as companies with growing earnings, to advanced technical analysis, Quick Search is one of the fastest and most user-friendly and effective ways to find stocks and mutual funds that I have found. Using custom searches takes the guesswork out of the searching process and provides you with proven technology that consistently produces reliable results: Stocks with Reversal Potential, Searching Using Earnings Criteria, Strong/Weak Stocks, Overvalued/Undervalued Stocks, Insider Trading, Institutions & Short Interest, and Cash flow. The basic Wall Street City access is free when you register at the site, and is certainly worth checking out. Next level, Wall Street City Pro - $9.95/mo, and Wall Street City Pro Plus - $49.95/mo. There is a 30 day free-money back trial. Further details can be learned at [www.wallstreetcity.com]. Here are some reviews of Wall Street City:
John M. Gaddis has been a registered investment advisor since 1977 and is a long-time member of Alamo PC. Currently he is VP of Education in charge of Special Interest Groups. |