|
PureBytes Links
Trading Reference Links
|
Hi Guy
I wud be interested to see what u have to say on the Middle East. My
sister-in-law worked in an orphage for World Vision over there and gives a
considerably different slant on the whole situation then is in the popular
press.
joeduffy@xxxxxxxxx
----- Original Message -----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, October 18, 2000 2:21 PM
Subject: RE: Decisions
> Hi Moshe,
>
> Nothing worries me more than a trending market, either up or down. :) We
> do our best trading in a fluxuating market. Fits our trading methodology
> best.
>
> That SP39 sell signal for yesterday morning was replaced by a SP39 buy
> signal for this morning (we were already long per our H700 signal so we
> didn't do anything) except lighten up on my futures positions). If I
traded
> this sell, and reversed on the open this morning, I would have made a
whole
> bunch of S&P points since the S&P opened down 42 points (plus yesterday's
> drop). Anyway, I didn't do it, so all I can do is watch and be amazed
with
> the signal.
>
> If you'll send me your email address privately, I have a couple of things
> that I can send you re: the current Middle East, if you're interested.
Not
> particularily revelent to the group, so I don't want to bug everyone by
> posting them to the list.
>
> Regards,
>
> Guy
>
> Politicians and diapers have one thing in common. They should both be
> changed regularly and for the same reason.
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of Easx
> Sent: Wednesday, October 18, 2000 12:35 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: Decisions
>
> Dear Guy,
>
> What you send is always interesting but I would like to point to you one
> point:
>
> Systems can brake down when the basic market factors changes. It is
stating
> the obvious but I had to say that to you because I firmly believe that the
> current situation is an "unwinding" of the great bull market of the 90's.
>
> The fury of enthusiasm about technology has moved to a realization that it
> is not quite "stratospheric" in terms of revenues. Hence the bear market.
>
> I hope that I am wrong, because the real money is always done in a good
> trending bull market.
>
> Moshe Shalom
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of Guy Tann
> Sent: Tuesday, October 17, 2000 6:18 PM
> To: Metastock User Group
> Subject: Decisions
>
>
> List,
>
> Well, we're back from Disneyland and my better half and my 10 year old
going
> on every roller coaster there (I don't do roller coasters or any rides
that
> have a warning for people with bad hearts, backs and necks). :)
>
> Well, it's decision time. As I mentioned before, we are running two
systems
> (I'm not sure if that's the right word). The first system (SP39) is the
one
> we've used for the past 15 years and runs 3 out of 4 trades correct for
that
> period. The latest signal takes one of the components of the previous
> system and adds more weight to it (H700).
>
> Anyway, the H700 signal gave us a buy signal about a week ago (I'd have to
> check the date) while SP39 has been on a losing long trade (one of those
25%
> losers unfortunately). The SP39 signaled a sell for this morning (at the
> open or by 7:30AM PDT). Now, the H700 has big drawdowns, so we had to
make
> a decision here. I decided to lighten up on my long positions (basically
> bail out of most of them and go to the sideline) hoping I'd be able to
> re-instate these positions at a lower price.
>
> That's one of the problems using two signals. The SP39 is our old standby
> and has treated us kindly for over 15 years. H700 is a fairly new signal
> that we have been using for about a year or two as a component of SP39.
In
> the last 3 years, H700 has been running (on paper) over 90% correct, so we
> thought that we would make some trades based upon it. Now, when they're
> both pointing in the same direction, everything is great. Today, we had
to
> make a decision as to how to manage our positions.
>
> Anyway, that's where we're at and I have over 300 emails to wade through,
> bills to pay and a lunch to schedule.
>
> Regards to all.
>
>
> Guy
>
> Politicians and diapers have one thing in common. They should both be
> changed regularly and for the same reason.
>
>
>
|