SMA inflection points up are not a good indicator

After re-visiting the past performance of stock signal analysis based on the inflection point changes in the 20 day simple moving average, I've decided this indicator isn't useful. There are surely better ways to choose stocks moving up in value due to momentum, or the greater idiot theory.

I've decided to remove stocks picked based on the 20 day SMA average starting to go up after the indicator's value has declined. I will think about a better method for choosing stocks whose value has increased and are likely to continue increasing. In the meantime, picks for end of day 8/13/2007 are:

AA, ALCOA INC (Google Yahoo Earnings Chart)
ASI, AMER SAFTY INS HL (Google Yahoo Earnings Chart)
GNSS, GENESIS MICROCHIP (Google Yahoo Earnings Chart)
LRT, L L E ROYAL TR UB (Google Yahoo Earnings Chart)
MIVA, MIVA INC (Google Yahoo Earnings Chart)
NPLA, INPLAY TECHNOLOGI (Google Yahoo Earnings Chart)
NTES, NETEASE.COM ADS (Google Yahoo Earnings Chart)
PROV, PROVIDENT FIN HLD (Google Yahoo Earnings Chart)
RC, GRUPO RADIO CENTR (Google Yahoo Earnings Chart)
SGA, SAGA COMM INC (Google Yahoo Earnings Chart)
TCMI, TRIPLE CRWN MEDIA (Google Yahoo Earnings Chart)
TRFX, TRAFFIX INC (Google Yahoo Earnings Chart)
TXN, TEXAS INSTRUMENTS (Google Yahoo Earnings Chart)
WPSC, WHEELING-PITTSBUR (Google Yahoo Earnings Chart)