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Jim
Actually with the huge gap opening, the S&P is only down about 8.50 points
for the day, as calculated by our system. Still a ways to go to our stop.
Unfortunately we traded late last night and didn't get off to a good start
(should have waited, I guess). Our stop position is basis the open, so
we're still well below our stop. It's near 1284 basis the March S&P (the
number that everybody seems to be watching).
We've done a lot of research on trading at night or waiting for the opening.
With our system, we come out substantially further ahead trading at night as
opposed to on the Open. That's the approach we've used for years and just
recently (last few years) have started trading at night.
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
Sent: Friday, March 05, 1999 4:12 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Short? Gag, gag
Guy,
Hope you had a close stop <G>.
JimG
-----Original Message-----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: Metastock <metastock@xxxxxxxxxxxxx>
Date: Friday, March 05, 1999 7:21 AM
Subject: Short? Gag, gag
>Well it's one of those days again. Out Intermediate term signal is still
>bullish, but our short term signal went short.
>
>FWIW, into the jaws of death, short the S&P this morning. Probably a
loser,
>but we'll see.
>
>Guy
>
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