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List,
There is no substitute for good old TA grunt work, but for the "TA
impaired", here's the latest "auto-pilot" trade using Chande's Momentum
Oscillator on Cocoa. It takes a lot of confidence to buy a market that's
free falling, but, "good golly ms. molly", me and the boyz have enjoyed
this incredible ride for sometime and we could drive over a cliff and it
would hardly ding the fender. I have been up front with the parameters of
the system and have posted (at least at the Equis site) the signals. As
always: if cocoa decides to break the downtrend, the buy and sell
parameters will have to be adjusted. In the meantime, "wowie-zowie" (19
wins, 4 losses and the sweetest equity curve (straight line) I've seen in a
long time). Most oscillator-based systems "rip your heart out" trading
against the trend. This one doesn't and I'm not bright enough to
understand why. This is not the Holy Grail, but it has allowed me to
upgrade from paper plates and cups to a really high quality plastic.
Steve Karnish
CCT
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