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Hi Steve
You've got to tell those meat-head CTA's running the funds all about this
indicator so they won't be stampeding all over the markets.
So ... you go short while all the funds clean out their short positions and
go flat ... maybe even start to build longs? Gee golly ... what's a poor boy
to think <G>.
Seriously ... you never mentioned about position size ... are you running
full size or have you cut back to adjust for risk?
How low can you go before you hit major paper?
Best regards
Walter
----- Original Message -----
From: Steve Karnish
To: RealTraders Discussion Group ; metastock@xxxxxxxxxxxxx
Sent: Thursday, May 04, 2000 8:40 PM
Subject: Wheaties
List,
I'm always pretty candid about my wheat trading. Tomorrow, I'm going short
for the "boyz and grrls". Attached are the two charts that represent the
wheat market since January '99. Please note that although I don't use the
BB Histogram to trigger my trades, it has exceeded 100 only on six occasions
during the last sixteen months. The close today was the sixth time it
pushed above the critical 100 level. In an effort to reduce the email
request, the MetaStock formula for this oscillator is:
((C+2*Std(C,20)-Mov(C,20,S))/(4*(Std(C,20)))*100)
Instead of "twenty", I substitute a "super secret" fibonacci number (I bet
you can't guess what it is). Anyway, all the important momentum work that I
do has created a sell signal.
Go Avs, beat the Red "Army" Wings,
Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com
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