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Hi Steve,
I wonder if you and you're closest friends would share some of your favorite
paramaters for the SMI.
I too am a devotee (and what friends I have left) of the indicator, with
30,5,8 being my all around paramater, but that can sometimes get a little
choppy. It depends on the market though, sometimes even 5,3,3 will work.
But if you go to long with the first number it tends to stay on the top or
bottom of the chart too long. And working with the other numbers, while
making the line nice and smooth, tend to lag tops and bottoms by too much.
So I was wondering what some of your favorites are.
Many thanks and Happy Holidays.
Bill N.
Milwaukee, WI USA
-----Original Message-----
From: Steve Karnish <kernish@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, December 16, 1998 03:20 PM
Subject: Re: Wheat/Corn Spread
>Bob,
>
>I treat spreads the same as individual contracts. Chart it and whip an
>indicator on it. The SMI is a double smoothed indicator that takes the
>whiplash out of the market. I've been waiting for this spread to set up
>since October. I live in the middle of the largest yielding wheat acerage
>in the country (the Palouse) and could tell you horror stories about wicked
>bankers, refusing to loan money to 30 year customers, triggering large
>reductions in planted acerage...but, I'm not buying until my indicators
>turn up.
>
>Steve Karnish
>CCT
>
>----------
>> From: RMartin198@xxxxxxx
>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> Subject: Wheat/Corn Spread
>> Date: Wednesday, December 16, 1998 11:33 AM
>>
>> curious if anyone has opinion March Wheat to March Corn Spread.
>>
>> Currently trading around 54 cents off its low of 48 cents and looks to us
>as
>> if it may have 65/70 cents potential. Russian Aid Package on wheat,
>farmer
>> year end selling of corn, etc....
>>
>> Appreciate any comments
>>
>> Thanks
>>
>> Bob Martin
>> Trade Center Inc
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