|
PureBytes Links
Trading Reference Links
|
JimG
FWIW, but we have just had the shortest ITS on record with our system.
We're back buying everything tonight and on the opening. <G>
It was a good call on the short side, but appears that we're going back up.
We have added another component called the 66R. This gives us more signals
than the ggg, but appears to enhance our trading profitability. From 1/2/97
to present the combined SP39 (short term signal) and ggg (Intermediate Term
Signal) or 66R has provided us with the following results:
STATISTICS - M39 and ggg/66r
Total Trades: 85
# winning trades 73
Total Points - Winners 2159
Average Win /Trade 29.58
# losing trades 12
Total Points - Losers 231.25
Average Loss/ Trade 19.27
Payoff Ratio 1.53
% winners 85.88%
# of points 1927.90
I guess that figures out to about 30 trades a year whereas with the SP30 and
the ggg alone, we average about half that many trades. Well, we got the ggg
and the SP39 (and the 66R, for that matter) telling us to reverse, so we're
back to the long side. IMHO, this market is acting a little crazy here,
trying to suck chartists and other position players into the game.
Remember this advice us worth what you paid for it. I'm going to bed as I'm
still in pain here, but had to double check Jimmy. Too easy to make a
mistake.
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]
On Behalf Of Jim Greening
Sent: Monday, August 30, 1999 7:58 PM
To: Metastock
Subject: EELN
All,
It looks like Guy's sell signal was right on. First my EELN
recommendation didn't move up towards my buy stop at all, but instead
dropped all day and closed at the stop price. Considering that, and looking
at the market indices, I'm no longer interested in opening a position in
EELN. Looking at the indices, it looks like the DJI breakout through the
top of its Horizontal Channel (HC) a week ago was a false breakout. The
DJI has pulled back well inside the old HC and today broke out of the bottom
of its Short Term Up Trend Channel (STUTC). The NYA, OEX, SPX, and RUT
joined the DJI by also breaking out of the bottom of their respective STUTC
today. That tells me that Guy's signal was right and the market should drop
until those indices at least test the bottom of their HC. Therefore, I'm
also going to close my long market POTCX position tomorrow. I'll stick with
my individual positions in ABT, AMKR, DELL, & INTC and base any decisions on
them on their individual charts.
JimG
|