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Our model has again signaled to buy S&P Depository Receipts (AMEX:SPY) with
a market order ("buy at the market") to be placed before the market opens
Tuesday, August 1, 2000. The order should be executed on the opening.
Maintain a mental protective sell-stop at 129.875 on close only.
As discussed in our website, this buy is a part of what could become a
cluster of several signals within this low-risk buy zone identified by the
model. Since a cluster offers several buy opportunities which tend to
spread the risk, we again recommend limiting your commitment to 10% or less
of your risk capital on this trade. If additional buy signals should occur
later in this cluster, limiting your commitment to 10% on each buy will
moderate any risk of overtrading.
<snip> stuff
Fortunately, our computer model was not fooled by the market's pricing in
the "good" news early. While O'Brien and other bullish Wall Street experts
seemed surprised by the market's poor reaction to the "good" earnings news,
our model had been quietly giving profitable short sale signals. Our 4
short sales in SPY for aggressive traders were closed out July 30 at
143.125, for a combined gain of +15.18% in 55 days, or 100.74% annualized
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