|
PureBytes Links
Trading Reference Links
|
Charles,
That was me.
I took profits on half my position at 1112.40, and am holding the balance
of the position.
Delta suggests to me that the S+P will trend down into May 8 (Friday) or 11
(Monday).
Chaos Theory suggests an eventual downside objective of 1055.7, possibly at
the same time.
My stop is still right above the high at 1142.30.
All I do now is wait patiently. Either I'll be stopped out on the other
half of the original position, or I wait to May 8-11, or 1055.7, whichever
comes first.
By the way, I've been extremely successful trading soybeans using the
identical methods. I bought July beans at the low on April 13 at 628 1/2,
using a MOC order.
My target based on chaos theory was 650, which was reached yesterday (April
21).
I have made several similar trades in beans over the last several months.
The delta series for beans repeats over and over again, and is extremely
predictable.
Am I always right? Of course not. But my readings of Delta, and chaos
analysis are right far more often than not.
Warren
----------
> From: charles meyer <chmeyer@xxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: DELTA, CONTINUED.
> Date: Wednesday, April 22, 1998 11:58 AM
>
> Does anyone else remember a post a couple of weeks ago by a
> guy named, I think it was Goldstein.....who reportedly went short
> 50 or 100 S&P's near the close risking 100 big ones? Well, the
> next morning the market continued down hard, and if he covered,
> he made some big bucks in a very short period of time. He said
> he used something......which I can't remember....and "Delta".......
>
> Charles.
|