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Hi Mark,
The calculation was derived by first by calculating what Shaughnessy
calls the
"Power Point" (the estimated P&L Dot for the next bar) and then adjusting
the
calculation in the direction of the trade a 1/4 point or so. The logic for
this adjustment
is that many times the market may just touch these calculated levels and
this 1/4
point adjustment helps ensure that the order is filled. The signal you see
on the
daily bar (4-17) is a "Pat's Combo Down", many times after a "Combo" the
market
will return the next day and test the "Power Point" before resuming in the
original
direction. Is that clear as mud? <g>
Adam
----- Original Message -----
From: "scheier" <scheier@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, April 18, 2000 8:48 AM
Subject: Re: Motivated.
> >
>
> Adam, really like the idea of your short trade setting up with an MIT
above the current
> market. Was the MIT price a mathematical calculation or a some other kind
of bar pattern
> rule?
>
> good to see your work again....
> Scheier
>
> > Adam Hefner wrote:
> >
> > Al Taglavore,
> > I have been considering what you shared with me, so I will post a
chart with a signal.
> > May be right...may be wrong, but here it is. Sell June corn with a MIT
order at 234.5
> > with a stop at 239.5.
> >
> >
> >
>
>
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