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The S&P Buy pivot is 1379;Sell pivot is 1361.Neither pivot for 8/26/99
was hit.
The Nasdaq Buy pivot is 2462;Sell pivot is 2411.The sell pivot for
8/26/99 was hit for a nice profit.
S&P 5 day Oscillator is 80,bullish on the surface but bearish when
lessened by 3 days ago.Momentum loss?
Nasdaq 5 day Oscillator is 82.Same comments as above.
Multi strategy portfolio-In response to numerous requests for you to
investigate as you like.See below and also noted website.FYI-I am
strictly an investor in this and have no financial interest.
Zweig PR issues a sell signal and is ranked #30 out of 40 trading
systems.
Lutts/Freeburg issues a buy signal and is ranked #37. Both systems
are not included in the Multi-Strategy Portfolios due to their low
ranking.
Analysis:
Lutts/Freeburg continues to be whipsawed in this choppy market, and
shows that short-term timing systems should be avoided at this point.
The Zweig PR system's sell signal is significant, regardless of the
system's low ranking. Zweig PR is based long-term fundamental
economics,specifically on the prime interest rate. Yesterday's prime
rate increase signaled a sell signal for Zweig PR. The system's
ranking would have been
higher, except for a very late buy signal at the end of 1995 when the
prime was cut (shows the need to diversify systems in your trading).
Zweig PR's sell signal confirms the recent sell signal of Zweig Fed,
which is one of the highest ranked trading systems (#4 out of 40) and
is included in the Multi-Strategy Portfolios. The difference between
the two models is that Zweig Fed is based on the discount rate and
federal reserve requirements while Zweig PR is based on the prime
rate. Recently, the federal rates have been a better indicator of
stock prices.
FundTrader Multi-Strategy - Nasdaq Aggressive Portfolio:
+ 931.63% Renshaw
+ 921.61% Meyers DynoDuo AAA
+ 800.41% Meyers DJURS
+ 800.41% Zweig Fed
+ 747.58% Meyers T87
+ 744.05% Meyers Triplex
+ 703.30% Meyers Weekly DJURS
+ 621.95% Meyers T37
+ 573.55% S5080
+ 556.00% Meyers New DJURS
The FundTrader Multi-Strategy Portfolio consists of 10 top trading
systems.
3 year total return - assumes investment in Nasdaq 100 index leveraged
with a 2.0 beta - simulates a leveraged index fund (Nasdaq Aggressive
Portfolio)
Multi-Strategy - Nasdaq Aggressive is 80% Long.
Multi-Strategy - Nasdaq Conservative is 90% Long.
http://www.fundtrader.com
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