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Hi Guy,
here a good link for news:
http://www.stratfor.com/blackbook/default.htm
I'm interested in your report unless it comes from the
same source.
Best regards
gg
At 11:21 AM 18/10/2000 -0700, you wrote:
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.
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