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Claud,
Guess I'll have to wait until Tuesday <G>.
JimG
----- Original Message -----
From: Claud Baruch <ClaudB@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, July 01, 1999 4:29 PM
Subject: Re: New Direction ?
> Jim,
>
> "Monday" a good trick if you can pull it off. No markets Monday. <g>
>
> Claud
>
> Jim Greening wrote:
>
> > Guy,
> > I'm sure we will have a down day sooner or later, but think it
might be
> > later. We have the favorable seasonality (4th holiday), Fed bias
change,
> > and lots of money on the sidelines. I'm going to get back to fully
invested
> > Monday. That will probably offset the above and cause a down day for
you
> > <G>.
> >
> > JimG
> >
> > ----- Original Message -----
> > From: Guy Tann <grt@xxxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Wednesday, June 30, 1999 9:36 PM
> > Subject: RE: New Direction ?
> >
> > > JimG
> > >
> > > That's one of the problems with our system. We place and forget (the
> > orders
> > > that is). <G>
> > >
> > > Actually, I was busy with my little guy today and never even looked at
the
> > > market until after the close. When I stopped watching in the early
> > morning
> > > I was 10 points ahead. That'll teach me to not watch.
> > >
> > > Anyway, we just went short a little (about 25% of the positions we
closed
> > > out). We've found that with this crazy market, it pays to move in
slowly
> > > but not to avoid it entirely as you might miss a big move. My brother
was
> > > happy going short as he wanted to offset all of his long stock
positions
> > > just in case everything collapsed. He bought into AOL et al about a
week
> > or
> > > 2 ago (I forget) and seems quite happy with his portfolio. After
today,
> > > he's probably not even behind with AT&T. Beginner's luck. <G>
> > >
> > > Well, we'll keep watching this market, do our averaging and pray for
good
> > > fortune to shine on this trade like most of our others. Even when
they
> > > start this poorly, we usually luck out and make a buck.
> > >
> > > Hold on for the ride. I had thought we'd test old highs and maybe up
to
> > > 11890 or what ever that number was (I'll have to look it up). Let's
see
> > if
> > > we might not have a down day or two on the way. <BG>
> > >
> > > Regards
> > >
> > > Guy
> > >
> > >
> > > -----Original Message-----
> > > From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]
> > > On Behalf Of Jim Greening
> > > Sent: Wednesday, June 30, 1999 6:14 PM
> > > To: metastock@xxxxxxxxxxxxx
> > > Subject: Re: New Direction ?
> > >
> > > Guy,
> > > Looks like the Fed did you in today. Hope you covered when they
> > > changed their stance to neutral.
> > >
> > > JimG
> > > ----- Original Message -----
> > > From: Guy Tann <grt@xxxxxxxxxxxx>
> > > To: Metastock <metastock@xxxxxxxxxxxxx>
> > > Sent: Tuesday, June 29, 1999 9:37 PM
> > > Subject: New Direction ?
> > >
> > >
> > > > JimG and all others:
> > > >
> > > > We went short the S&Ps after the close tonight, FWIW. We had
thought
> > that
> > > > we would still challenge our old highs, so this might be a
short-term
> > pull
> > > > back, if we're correct.
> > > >
> > > > Our Intermediate Term Signal is still Bullish, so IMHO this is not
the
> > > "big
> > > > one".
> > > >
> > > > This is our Short Term Signal. This STS is running 71% correct for
the
> > > last
> > > > 14 months. Trading one e-mini contract with an initial margin of
$4,000
> > > > would have returned a net profit, after commissions, of $29,700,
> > assuming
> > > > you didn't get greedy, screw up or otherwise not follow the system.
In
> > > our
> > > > case, before we started applying certain money management
techniques,
> > our
> > > > greed cost us a lot of these profits. I keep saying, we've learned
our
> > > > lesson, but that's today, not the last 14 months. <VBG> It's a good
> > thing
> > > > our systems work so well and bail us out of a lot of our greedy
trades.
> > > Now
> > > > with various money management techniques, we are trading the system
but
> > at
> > > > the same time, trying to minimize our exposure to risk.
> > > >
> > > > Remember that this advice is worth exactly what you paid for it. :)
> > > >
> > > > Guy
> > > >
> > > >
> > > >
> > >
> > >
> > >
> > >
>
> --
> http://pw1.netcom.com/~claudb/
>
>
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