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Strategies & Market Trends : Ultra OTC Fund - UOPIX
UOPIX 143.01-1.1%Dec 15 4:00 PM EST

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To: John who wrote (1111)1/4/2001 11:42:11 AM
From: bob wallace  Read Replies (1) of 2063
 
first of all, let me say that you seem to be pretty good at "guessing" and as I have previously indicated it appears you have out performed me...

however, re whipsaw, that is why I have moved to a scale system which buys and sells every move [> 1%] in the NDX.
so I have defined away whipsaw, AND I participate in very big move (by definition)

thing is, of course, I participate with MUCH smaller amounts of capital as I usually sell just one scale [3 scales max] at a time. of course, it does turn out that I can trade the same dollars over and over again for a period of time.

since I have been doing this method for just about two months, we really dont know how it will work yet - but I feel that I no longer have to be a good guesser, and yet the method is not 100% mechanical either (scale and trade size are always being evaluated)

whatever works I always say!

good luck to you too [of course]

Bob
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