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Walter,
Thought I'd tell you what I was "thinking" about the July Wheat/Corn spread
we discussed during the third week in April. As you know, I seldom trade
spreads, but found this "feed spread" very attractive. I was able to put on
these positions on at under 28. This morning I exited all positions at 46
or better.
I know this technical approach is not for everyone...but consider that
momentum oscillators can do a nice job of tracking "spreads". You can enter
and exit positions after penetrations of zero and 100; wait until the
indicator reverses below and above these levels; or devise your own
comfortable strategy (even use stops, gasp).
Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com
----- Original Message -----
From: Walter Lake <wlake@xxxxxxxxx>
To: Metastock bulletin board > <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, May 16, 2000 7:27 PM
Subject: SX - contact closes
> Thanks for your emails
>
> Attached is a chart of 30 years of SX closes from ~June 9 to ~Aug 21, the
> traditional seasonal trade time. These are regular prices down the right
> side ... NOT normalized prices so you get to see what's historically cheap
> and dear. Series 1 or 1969 has a nice seasonal dip right where you want it
> but the series is so flat that the total move is only 8 cents <G>
>
> Each perspective gives you different trading ideas. You might want to
verify
> your trade idea in several perspectives ... as you would with different
time
> frames. It's easy to get blinders on.
>
> Best regards
>
> Walter
>
>
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