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The current neural network (http://pweb.netcom.com/~blee3/spindex6.gif)
remains in a long but deteriorating position with a reading dropping from
0.8432 last Friday to 0.7100 this Friday. I stopped out of my position on
Tuesday and given the weakening signal, will remain in cash pending a
significant move in the indicator up or down. I am currently working on
several new daily models which are providing enhanced results over the
weekly model. I am using a different target variable than the one used in
my weekly model as well as new inputs. The majority of these daily models
indicate entry at Monday's close into a Long position although I have not
had a chance to validate these models properly. - Brian
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