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Strategies & Market Trends : Shorting SPY for fun and profit.

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To: ed doell who wrote (342)	2/24/2000 3:10:00 PM
From: fut_trade	Read Replies (2) of 346

...you short the SPX or SPY? I switched to futures trading -- the E-mini contract for the SPX is ES00H. Futures trading yields lower commissions, faster execution, smaller spreads, and nearly 24-hour trading. I don't currently have a position, but last night I had a sell signal on the DJIA, and buy signals for the SPX, NDX, S&P 400 and Russell 2000. I have been studying a mechanical buy/sell program for the indices that yields ~25%/year average for the SPX since 1928. The last three years the average has increased to about 50%/year. All I need to do now is find a good mechanical intraday sell-stop algorithm to get me out of dangerous situations, like today for instance. I'm not sure where support is for the DJIA, I have been more preoccupied with momentum. I think intraday support levels are a good way to set protective sell stops, but I need to do further work on this. Are you trading the DJIA or SPX?

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