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Re: CTA foolishness



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Neal:

And indeed, it is often defined as the weather within a very short drive of the
two exchanges...Or the noon weather forecast of a certain balding weatherman on
the local 'superstation'...It's quite amazing what can move such large amounts
of capital over short periods of time.

Best,

Tim Morge

Neal T. Weintraub wrote:
> 
> Thanks Jim.
> We are trading a weather market here in  Illinois. No matter what system I
> use, the weather will directly influence crop size. Ergo, no matter what
> system I use it will not be any better than the accuracy of the next weather
> forecast.
> Even though the market is bearish this morning, traders here are watching
> the spreads and protecting postions with Options for weekend exposure.
> As long as we can stay below 95 during Corn pollination we can avoid any
> market shock.
> I prefer to look outside, than back test right now.
> -----Original Message-----
> From: Jim Osborn <jimo@xxxxxxxxxx>
> To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
> Date: Wednesday, July 15, 1998 9:58 PM
> Subject: Re: CTA foolishness
> 
> >"Neal T. Weintraub" <thevindicator@xxxxxxxxxxx> remarks:
> >>I want to know the weather forecast, not back test every July 17th
> >>for the past 77 years.
> >
> >What a brilliant summary!  Nice bumper sticker, Neal.
> >
> >Jim
> >