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Jim
Our intermediate trend signal is still up, so you should be OK. This might
just be a reaction to the last couple of days up and then turn around again.
OTOH, it could be one of those 25% where we're totally wrong. <VBG>
Being very honest, I'll seriously consider bailing on any pull back of 20 to
30 S&P points because of getting in a day early and because our intermediate
trend is still up.
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
Sent: Sunday, March 07, 1999 12:24 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Short? Gag, gag
Guy,
We all make mistakes, some unintentional and some intentional <G>. The
important thing is to know your system thoroughly enough to recognize when
we do make a mistake and take corrective action. In this case, it sounds
like you were just a little early and no corrective action is needed.
However, since I'm now 100% invested on the long side again, I'd like
for you to look again and find a mistake that says you should be long <VBG>.
JimG
-----Original Message-----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Saturday, March 06, 1999 5:49 PM
Subject: RE: Short? Gag, gag
>Jim
>
>Oops! I screwed up here. Wish I could blame my brother, but I did it.
>When I switched our system over to take advantage of the exceptional bull
>move last year, everything worked fine. I even set up an Excel spreadsheet
>to monitor the profitability of our original system versus the 'bull'
>system. That worked great as well. Through 3/4/99, it showed that the
>'bull' system was almost twice as profitable as our original.
>
>A few months ago, when the market started fluctuating again, I moved us
back
>to our original system (the one we've traded for many years). Now here's
>where I screwed up. When I switched back to the original trading system, I
>still kept Bonds decoupled. The annualized totals reflected the numbers I
>mentioned above. What I didn't do, was to keep track of what was happening
>on a more recent basis. When I added another two controls (1/1/99 to date
>and the last 30 days), it became very obvious that when I returned to our
>original system, I should have coupled bonds back into our system.
>
>The short should be either Sunday night or Monday at the Open.
>
>Oh well! Maybe one of these days, we'll get it all together. I know this
>tarnishes my 'walks on water' image, but got to be honest with these posts.
>We will continue to monitor all three approaches to make sure we trade the
>most appropriate one. The only differences between our systems are 1)
>decoupling Bonds from the decision process and 2)slightly tailoring our
>'contrary' to a bias for either a bull or bear move. We have only
decoupled
>the Bonds once in the last 16 years, and unfortunately I didn't get shifted
>back to the original as soon as I should have.
>
>Regards
>
>Guy
>
>
>-----Original Message-----
>From: owner-metastock@xxxxxxxxxxxxx
>[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
>Sent: Saturday, March 06, 1999 1:25 PM
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: Short? Gag, gag
>
>
>Guy,
> Thanks for the explanation. Best of luck.
>
>JimG
>
>-----Original Message-----
>From: Guy Tann <grt@xxxxxxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Friday, March 05, 1999 4:02 PM
>Subject: RE: Short? Gag, gag
>
>
>>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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