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-----Original Message-----
From: Allan P. Harris [SMTP:apharris@xxxxxxxx]
Sent: Friday, November 07, 1997 8:05 AM
To: RealTraders Discussion Group
Subject: Re: Some Observations
At 08:48 AM 11/7/97 -0700, Advantage Trading Group wrote:
<excerpt>Over the last month or two every public S&P system I have seen
has blown up. It is amazing to me that people really believe they can
buy a system flaunting outrageous hypothetical returns and make $ with
it.
</excerpt>
Sorry, can't resist: my "public" neural net system, Trendy was short
going into both October 27 and today. Also think a lot of the Elliott
folks were short on these occasions and some simple oscillator-based
systems should also have been short (% change X Volume and 4 day
stochastics to name two). Maybe you should broaden your S&P System
exposure.
<excerpt><underline>In my opinion </underline>the E-Mini is a suckers
game.
</excerpt>
I've been trading the neural net signals with the E-mini and am quite
satisfied; entries/exits in Globex have been OK, not great, but good
enough.
<excerpt>In order to get filled you have to get the bid\offer off the
Globex terminal and give up 25 or 50 pts, which takes too long.
</excerpt>
My broker has some discretion in getting me into these trades and he is
doing a stellar job.
<excerpt>
</excerpt>Finally, I was appalled at the amount of propaganda being
spewed by CNBC during the crash.
Agree with the propaganda analysis; insipid commentary directed toward
the brain-dead; but, I'm not appalled at all, have gotten quite used to
it and am certainly glad to have CNBC around, if just for the ticker.
Allan P. Harris
http://www.TrendySystems.com
ps: Offer to post the Trendy signals here was turned down by the
Moderators.
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