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<DIV><FONT color=#000000 face=Tahoma size=2>Efrain,</FONT> </DIV>
<DIV><FONT color=#000000 face=Tahoma size=2></FONT> </DIV>
<DIV><FONT color=#000000 face=Tahoma size=2>Thank you for your input on the
Super?investor files. You have highlighted some key risks in analyzing commodity
spreads for me. I am primarily interested in trading commodity spreads end
of day but I see that negative end-of-day positions on paper, can be even more
<FONT color=#000000>negative </FONT>intraday.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 face=Tahoma size=2>Other than the SuperInvestor files,
are you aware of any good texts on actual spread trading rules and commodity
<FONT color=#000000>relationships</FONT>. Is anyone familiar with
"</FONT><FONT color=#000000 face=Tahoma size=2>Spread Trading: Low Risk
Strategies for Profiting from Market Relationships </FONT><FONT face=Tahoma
size=2>by Howard Abell" or Trading Spreads and Seasonals by Joe Ross, which
is marketed by Equis?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 face=Tahoma size=2>e-mail address: <A
href="mailto:cn001532@xxxxxxxxxxxxx";>cn001532@xxxxxxxxxxxxx</A></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Oct 31 15:18:33 1997
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From: "Joe Acevedo & Anne Marie Flynn" <cn001532@xxxxxxxxxxxxx>
To: "Metastock Newsgroup" <metastock-list@xxxxxxxxxxxxx>
Subject: Commodity Spreads/Super Investor Files
Date: Fri, 31 Oct 1997 17:49:10 -0500
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<DIV><FONT color=#000000 face=Tahoma size=2>Ajay,</FONT></DIV>
<DIV><FONT color=#000000 face=Tahoma size=2></FONT> </DIV>
<DIV><FONT face=Tahoma size=2>Thanks for your reply. Have you tried trading any
other commodity spreads. I'm trying to locate some good information resources
and then run some historical computer runs using historical prices and various
trading rules.</FONT></DIV>
<DIV><FONT face=Tahoma size=2></FONT> </DIV>
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</x-html>From ???@??? Fri Oct 31 18:07:05 1997
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From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: "Metastock List" <metastock-list@xxxxxxxxxxxxx>
Subject: Weekly Pick
Date: Fri, 31 Oct 1997 20:10:53 -0500
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All,
I've finished my weekly tests and have looked at my watch list and
indices closely although I have been interrupted by ghosts and goblins
ringing the door bell <G>. The Dow Jones Ind Av (DJI) looks to me like it
has bottomed. The DJI at 7442.08 is in an Intermediate Term Up trend
Channel (ITUTC) and a short term down trend. While the short term down
trend hasn't been broken yet, the DJI has bounced off the bottom of the
ITUTC. The top of the ITUTC is at 8652 and the bottom is at 7176. The DJI
closed right on the bottom of the ITUTC after its huge Monday drop. It
moved up smartly Tuesday, then fell back a little before moving up again
today. It's looking to me like the ITUTC will hold. On the other hand, the
rest of my indices have a ways to go before they reach the bottom of their
ITUTCs. This could mean that the DJI ITUTC won't hold, or that the large
caps have bottomed and the rest of the market has a way to go yet. I also
have over twenty smaller cap stocks in my small stock watch list that look
like they are getting close to the bottom of their ITUTCs and could be
giving buy signals soon.
Of course I don't know what's going to happen, but the above is an
indication that now may be the time to start nibbling and slowly reduce my
50% cash position. The fact that most people are worried about the market
is also encouraging as bull markets climb a wall of worry. But the market
is still in dangerous territory and I want to go slow in case the worriers
are right <G>. I'm going to open a position in RDC that I liked before the
market reversed. I might also nibble with some LEAP call options and/or buy
back my covered calls during the week if the market looks good, but I'll
watch for another week before opening any other stock positions.
RDC at 38 7/8 is closer to the middle of the ITUTC with the top at 47
3/4 and the bottom at 34 then it was last week. It fell Monday with the
rest of the market then bounced strongly off the bottom of its ITUTC Tuesday
and moved up more since then. This is extremely strong performance during
the turbulent market we had this week and indicates to me that we were right
about it last week. Wish I had bought it last Monday afternoon, but I was
too scared <G>. I'm real excited about the earning potential of this stock
with its lock on the deep water drilling platforms and I'm going to jump on
Monday even if it is further off the bottom of its ITUTC then I like. I'll
set my stop at 33 3/4 just under the bottom of the ITUTC. I'm not going to
set a target since I'm hoping RDC will be a long term core holding.
I'll send DJI and RDC charts to everyone on the email list.
Jim
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