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Steve,
Our dad agrees with you here. He went long this morning as well, reversing
his short of 7/14 at 1523. Of course the market is down right now, so we'll
just hold on tight.
We're running 17/21 for our trades back to Oct. 1999, but our last one was a
19-point loser. Currently, we're ahead 633.40 points (net) since October.
I agree with you about the market and what it looks like. There are times
when some of our positions look like the biggest mistake in the world and
turn into great trades. I would like to think this might be one of those.
:) We are now about 40% invested in our equity account (including margin).
We are in the process of adding our dad's latest two signals into our
methodology (the signals that appear to be working better with the current
market, like yours) and hope to have that completed in a couple of days. My
brother is working on that between working on his rep company (he's actually
got to work today) instead of take care of his granddaughter.
I'll look for your list and will return our actual as well as new signals
back to you.
Looks like I'll be going home to Detroit in August for a short visit. What
a wonderful month for a trip. Ragweed, humidity, heat, just to name a few
of the excitement I'm looking forward to. :)
Guy
Paranoia...you only have to be right once to make it all worthwhile!
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Steve Karnish
Sent: Wednesday, July 26, 2000 5:09 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Still long...until the morning
Guy,
I'm wit ya again (as they say in Detroit). The shorts that we initiated on
7/13 @ 1510.50 will be covered on the opening and we'll be going long.
Seems a bit early to me...but, that's why I trade it mechanically...nothing
ever "seems" as it really is. This will be our ninth consectutive winning
trade in the S&P's (all neatly accounted for in "real" accounts) and this
completes the 50th trade (in this market) since 1/1/99 with 42 winners. I
send you the "poop" sheet so you can compare your trigger days with ours.
Take care,
Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com
----- Original Message -----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, July 25, 2000 11:04 PM
Subject: RE: Still long
> JimG,
>
> We're just a little nervous here. With our longer term stuff still
bearish
> and the Shorter and Intermediate term stuff being bullish, we thought that
> we'd wait for some more agreement between systems. :) The problem is,
both
> of these two systems have been working quite well.
>
> I'm about 25% invested in equities right now (including available margin)
> and our normal 33% in futures (keeping in mind that we completely separate
> these accounts).
>
> We had a buy in PEB as well, but thought of doing it with options to limit
> the risk to our investment. We then looked at it a second time and
decided
> to pass. We've done quite well in IMNX this past quarter.
>
> We're now looking at changing our trading pattern and buying and selling
> fewer stocks while increasing the number of shares to 800 or 1,000 per
> trade. We can trade up to 4 or 5k shares for $14.95 as opposed to 200 for
> $14.95. I'm sure there is a tradeoff between building our own mini-fund
and
> fewer stocks, but we'll watch this closely.
>
> I think we're going to restructure our trading portfolio. We'll leave
> whatever we have in futures alone, since that is doing so well. Of the
> equity account, we're thinking of taking about 25-33% and trading our
longer
> term options system (sig & 700) and doing that separate from the rest
which
> we'll keep trying to refine. We are getting a little better; not much,
but
> a little. :)
>
> With regard to your traveling, I have to go home next month to visit the
> guru for a few day as my parents are getting up there in years and I need
to
> get back periodically. My brother makes it about every 3 or 4 months.
> Since all of my health problems, I've only been back once in the last 4-5
> years. Oh well, got to make reservations, but just getting there via
> Northworst Airlines is a real treat. Sort of like Greyhound of the Sky.
I
> hate that airline. I'm going to check out flying via Dallas, since we
have
> friends who moved there that we haven't seen for a while.
>
> I still have 250,000 miles in my United account, not counting Northworst,
> Delta, TWA and others. I think that next year, we'll buy tickets for the
3
> of us to Australia and upgrade them to First Class and wipe out the
balance.
>
> Off to bed. I've been reprogramming all of our indicators using variables
> and the new syntax and I have to say that the speed has dramatically
> improved. What used to take 2 to 3 minutes in earlier MS versions,
> decreased to 30-40 seconds in v6.5.2, has dropped again to less than 2
> seconds in v7.01 (I still need to add one more indicator, but even if you
> double the time to 4 seconds, it's pretty good, if I do say so myself.
For
> what we do, Equis has done an excellent job. Remember, I'm still running
a
> PII-400 with 196MB (the slowest computer in the house). With all of the
new
> features, it looks like we'll be able to use System Tester for the first
> time in 10 or 15 years. Following that, we're going to check out
"experts"
> and build one.
>
> Guy
>
> Paranoia...you only have to be right once to make it all worthwhile!
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of Jim Greening
> Sent: Tuesday, July 25, 2000 5:09 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Still long
>
> Guy,
> Let me know when you jump in all the way <G>. I don't know what I'm
> doing traveling this much, as you said, I'm too old for it. It just
seemed
> to start all at once, now I can't turn it off. Hopefully, I'll be home
for
> a while now.
> I was stopped out of PEB and IMNX today, but I'm going to look for
> replacements tonight.
>
> JimG
>
> ----- Original Message -----
> From: "Guy Tann" <grt@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Monday, July 24, 2000 10:39 PM
> Subject: RE: Still long
>
>
> > JimG,
> >
> > I actually only put my toe into the pool on Friday, investing a total of
> 7%
> > of my portfolio. I bought some more today, so that I'm about half
> invested.
> > We got another buy signal for tomorrow, and they now include both of our
> > ITS. Now the big question is, do I have the cajones to buy some more?
> >
> > Now, you have to remember our NEW option trading system is still
bearish.
> > Wish I had kept those Puts, etc.
> >
> > I have to apologize to everyone, but the results I posted from the
SIG/700
> > are not option results. These are the results comparing our existing
> system
> > (SP39 plus either ggg or 66R as our ITS confirming) with a revised
system
> > (SP39 combined with the ggg, 66R, SIG or 700 whichever comes first).
> That's
> > anyone of the four confirming the SP39 signal. We're still writing the
> > rules up for this one and are not trading it (yet).
> >
> > I'll have to dig out the SIG/700 option paper trading results, but
they're
> a
> > little spotty. As I recall, it was 100% correct in 1997, 51% correct in
> > 1998, 100% correct in 1999 and 100% so far this year. Have no idea what
> > happened in 1998 that would screw up this perfect system. :) Actually,
> I'm
> > happy with some losers, since any system that runs 100% correct is
highly
> > suspect, at least to me. I have absolutely no idea why all of the
losers
> > would come in one particular year.
> >
> > What are you doing traveling? I thought that people our age weren't
> allowed
> > to do that anymore.
> >
> > Guy
> >
> > Paranoia...you only have to be right once to make it all worthwhile!
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On
> > Behalf Of Jim Greening
> > Sent: Monday, July 24, 2000 5:31 PM
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Still long
> >
> > Guy,
> > I just returned from my latest business trip only to see that you
are
> > going long again. Hope you're right since I'm still long <G>.
> >
> > JimG
> >
> > ----- Original Message -----
> > From: "Guy Tann" <grt@xxxxxxxxxxxx>
> > To: "Metastock User Group" <metastock-list@xxxxxxxxxxxxx>
> > Sent: Sunday, July 23, 2000 11:45 PM
> > Subject: Still long
> >
> >
> > > List,
> > >
> > > Well, we appear to be early again, but we're buying even more tomorrow
> > (but
> > > not on the open).
> > >
> > > We're trying to buy those Value Line recommendations that appear to
have
> a
> > > breakout type chart pattern (at least to us) as opposed to buying
> equities
> > > that don't seem to have a strong chart pattern. I used my DataLInk
Data
> > on
> > > Demand for this and it appeared to work without a problem.
> > >
> > > The stocks I'm looking to buy tomorrow are:
> > >
> > > NTAP
> > > PMCS
> > > LLTC
> > > GLW
> > > EMC
> > > NT
> > > SFA
> > > ADBE?
> > >
> > > I think there was another one on the list but I'll have to get it from
> my
> > > brother in the AM. We don't think we'll be adding anything on the
open.
> > > The guru thinks the market may go down to noon (EDT) and then
> turnaround,
> > so
> > > we'll probably go with his instinct. If I'm driving the car pool,
then
> I
> > > won't get back until 12:30 EDT, so I'll be playing it by ear.
> > >
> > > I'm also looking at adding some more options, but my brother and I are
> > > seriously looking at trading options using this new system my dad
> > developed
> > > (he calls it sig and 700 and don't ask me where he comes up with some
of
> > his
> > > names). We've found that when both signals are in agreement, and come
> on
> > > the same day, we can buy or sell options quite successfully. Here are
> the
> > > results from our paper trading and executing at the open (using S&P
> > futures
> > > and not option data for testing purposes):
> > >
> > > SIG/700 OLD
> > > 1997 33/35 94.2% +780 pts 92% +731 pts
> > > 1998 26/32 81% +893 pts 22/26 84% +762 pts
> > > 1999 22/24 91% +808 20/24 83% +638
> > > 2000 16/21 76% +717 pts
> > >
> > > Remember, these are all paper trades and the system does have some
> > > substantial draw downs, which is why we would prefer not to trade real
> > > futures with unlimited downside potential. With options, we have
> > definitely
> > > limited our exposure. We'll be doing a lot more work on this before
we
> > > start to trade real money. In fact, with this system, we should still
> > have
> > > out Puts that we closed out too early Friday morning. Because of
this,
> I
> > > limited myself to only 10 OEX Calls going in the direction of our
> regular
> > > trade.
> > >
> > > We may end up trading options strictly on the basis of this SIG/700
but
> > > nothing has been finalized. If I still had my Puts and those Calls I
> > sold,
> > > I'd probably keep them. Since I don't I'll wait for the next signal
to
> > take
> > > a position.
> > >
> > > Guy
> > >
> > > Paranoia...you only have to be right once to make it all worthwhile!
> > >
> > >
> >
> >
>
>
>
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