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JimG
Well, if we had taken the bull bias out of our "contrary" we would go long
Monday morning instead of this morning. It appears that we were a day
early. Too bad, as it cost us a few $k. We're working this weekend
analyzing the last six months to see how much of the bull bias has left the
market. Our first clue was the 15% drop in the Dow. :)
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Jim Greening
Sent: Friday, February 25, 2000 4:36 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Being a contrarian takes guts
Guy,
I thought we had put in a blow-off bottom in the DJ-30 yesterday, but
the market came right back and took it out today. That's a very bearish
sign on the overall market to me. The good news is that the NASDAQ is still
going strong, but I have to wonder how long that can last in the face of a
sick overall market. I've managed to do very well with ARBA, CMRC, QLGC,
and SDLI but I'm running scared with tight stops right now. Here's hoping
your buy signal can turn the overall market around <G>.
I had my backup computer networked to my high speed cable modem
connection. Of course, that didn't work when my server went out. I'm going
to look into a separate cable modem connection for my back up.
JimG
----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, February 25, 2000 12:01 PM
Subject: RE: Being a contrarian takes guts
> Hi JimG
>
> I wondered where you went. Looks like we're too early again. Oh well,
the
> last short went almost 40 points against us before it turned around.
>
> Our buy today used our contrary that we modified a couple of years ago to
> take the bull market bias into consideration. Looks like we'll have to
> remove that bull market bias and return back to the old range. Anyway,
> we're a dollar early and a day too soon.
>
> Hope you did well while your main computer was in the shop. You could
have
> put a cheap NIC into your old PC and at least salvaged the high-speed
> connection. We have 3 computers here all on my DSL connection.
> Theoretically I should be able to come back up quickly. I'm going to
> install my file server this weekend and use Norton Ghost 2000 to build an
> image of my two disks, thereby giving me the ability to slip in a new
> computer and bring it up quickly.
>
> Good trading,
>
> Guy
>
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of Jim Greening
> Sent: Friday, February 25, 2000 10:59 AM
> To: Metastock
> Subject: Re: Being a contrarian takes guts
>
> Guy,
> I'm glad to see that you are still here and posting your signals.
Best
> of luck and keepup the good work.
> I've been off the list for a few weeks while my computer was in the
> shop being fixed. The good news was that it was still under warranty and
> replacing the mother board didn't cost me anything. The bad news was that
> they had to ship it back to a repair facility and it took forever. I did
> crank up my old computer with a telephone modem (left the cable modem card
> in the new computer) to do my trading and partially keep up my web site,
but
> didn't try to download the Metastock list with my slow connection. I
think
> I'm back up to speed now and ready to participate again.
>
> JimG
>
> ----- Original Message -----
> From: "Guy Tann" <grt@xxxxxxxxxxxx>
> To: "Metastock" <metastock@xxxxxxxxxxxxx>
> Sent: Friday, February 25, 2000 6:52 AM
> Subject: Being a contrarian takes guts
>
>
> > List,
> >
> > Well I hate buying into this market, but we have to follow the system.
> >
> > We're reversing our short S&P positions this morning. We're long at
> 1351.25
> > to 1351.75. The one good thing about being a contrarian is that when we
> > reverse, we're usually opposite the market direction, so the fills are
> > pretty good. Of course, with all of the market weakness, we might have
> been
> > better off waiting for a while, but that would be second guessing our
> > system.
> >
> > Our short S&P @ 1417.25 closed out at 1351.75 (worst fill this morning)
> for
> > a profit of 65.75 points. For an e-mini contract, that's $3,275 less
> $25.00
> > commissions, fees, etc. (actually less than that) for a net profit of
> > $3,250. On an initial margin requirement of $4,688, that figures out to
> be
> > a 69% net return in 22 days. Not a bad annual return if it would only
> keep
> > going. :)
> >
> > Anyway, that's our current positions. We haven't gone long the tech
> stocks
> > as of the opening, but will look at adding those around 7AM.
> >
> > Guy
> >
> >
>
>
>
>
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