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Hi All,
>
> Our intermediate term NDX system gave a buy signal on market
> close today. Last signal was Sep 27, 2001.
>
> regards,
>
> tbr
>
I'll try to respond to everyone in one message
> Not to be a wise guy, but your "system" trades only 2 or 3
> times in a year ?
Yes, that's why I call it intermediate term 8-), it signaled 4
trades in the last year with an average hold time of 2 months. I
have other systems for shorter time frames.
> but NDX is Nasdaq 500 or 100 or what?
NDX is the NASDAQ 100. You can trade it via the futures, QQQ or
QQQ options.
> what would trigger a long with the ndx down 40 today
The code is a little complicated, but the general idea is to look
for emotional extremes in public sentiment and signal a
countertrend entry. Long signals do not look pretty.
This is in no way a suggestion to trade. Signals are not 100%
correct. I believe the long term trend is still down. The last
oversold signal another system made didn't even bounce. Trend
does not usually change until at least mid-week after options
expiration. But you gotta put your faith in something... we'll
see
regards,
tbr
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