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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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