Re: CTA foolishness

["Neal T. Weintraub" <thevindicator@xxxxxxxxxxx>]

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
>