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Guy,
I just took a hard look at my SPX chart. I have it closing at a new
all time high close and just under the all time intraday high. Tomorrow
should be critical, either it will rebound down once more and you will be in
good shape or it will break through and run. My bet is that the DJI led the
way and it will break out and run. Of course I've been wrong before and will
...... <G>.
Best of luck.
JimG
-----Original Message-----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, March 07, 1999 9:06 PM
Subject: RE: Short? Gag, gag
>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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