|
PureBytes Links
Trading Reference Links
|
For what it's worth, our S&P 500 futures neural net model is going long at
tomorrow's open as well (hypothetical trades).
Regards,
Brian
www.financialtimingmodels.com
-----Original Message-----
From: Jim Greening <jimginva@xxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Monday, July 24, 2000 4:21 PM
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!
>>
>>
>
>
|