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In a message dated 99-03-16 09:47:32 EST, chmeyer@xxxxxxxx writes:
> I only have input as it relates to the S&P's. (Used to subscribe)
> She has a setup called the 'golf trade'. One-half of the setup
> is that the S&P has to close either above or below the 2 Day
> ROC. The second half--which is proprietary and I have never
> been able to figure out--is some pattern identification filter;
> part of which is based on that day's range. When the two agree
> one buys or sells the S&P on the close and exits at the next
> day's open. I know this doesn't answer you question but it may
> be of general interest. This setup is supposed to have a high
> win percentage but--as everybody knows--you can get killed
> with the volatility implied with holding a position overnight.
>
I subscribed and tried the golf trade. Started at what proved to be the end
of a very good year. However it gave it all back plus a bunch in 1 week.
Fortunately I was still at the skeptical stage. A few people I knew, got
killed. Does this all sound familiar?
Pete
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