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<DIV><FONT color=#000000 size=2>I am working on a new trading system that would
be applied to the Nasdaq Composite and S&P cash price. This system would be
for trading mutual fund shares and would be designed for long-term trends only.
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<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I have part of the system completed with
potentially beneficial results. However, there are times when false signals
occur. I know that creating a system that is accurate 100% of the time is a bit
difficult but am looking for trend filters that might help reduce the whipsaw
losses and non gains problems. Any suggestions for a trending filter would be
greatly appreciated.</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Nov 07 13:16:40 1997
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Date: Fri, 07 Nov 1997 15:31:08 -0600
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From: THE DOCTOR <droex@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Clearing firms
References: <34618A8C.A0F995C9@xxxxxxxxxxx> <34632031.6CC0@xxxxxxxxxxx>
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Status: O
The story is absurd. If they traded against a customer what if the
customer were incorrect..then they would have lost money and still be
required to pay. They could have bought Vega and in fact there was a
huge OTC vega trade that hit the market late the Friday before. It
would have been impossible to hedge out what happened to Niederhoffer
because the way the exit trading was done it had the appearance of a
paniced attempt to get out.
The additional problem is EVERYBODY in the community knew it ,was him
coming out of the trade and the S & P community did a wonderful job of
just slaughtering him on his exit trades. Some options were 10 to 15
points wide in bid/offer spreads....who do you hedge that out?
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