S&P 500 System Update

[John Cappello <jvc689@xxxxxxx>]

To Lists:

I have further back tested the subject system from 3/6/98 to 5/7/98.Net profit has been $22,000.

The worst string of losses has been 3 in a row and a max of $6000.

I want to thank many of you for your warm advice and one of you has offered to back test 15 years which will obviously save time on my accurate but slow manual testing.

Against all of your well meaning advice I have decided to trade this system on the Mini S&P so I can have my hand at the throttle should any adjustment be needed.To be honest paper trading never did it for me.

The concept I am using requires no charting, no tecnnical analysis, no indicators and no knowledge of trading.That is why it is probably doomed to failure.All it takes into the frey is market action on a mathematical basis.

To those who have reponded in some way requiring a response by me, I will get back to you this evening.

Thanks,
John