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Strategies & Market Trends : Waiting for the big Kahuna
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To: Moominoid who wrote (73487)7/18/2006 6:41:03 AM
From: William H Huebl  Read Replies (2) of 94695
 
<In order to read the signals in the thread head how would one use them? Does it mean go long or short at the closing price on that day?>

Yes. But practically speaking... the opening price the next day should do, since the signals are not available until after the close unless you guess before the close!

It is amazing to me how a really simple mechanical trading system can keep you on the right side of the market most of the time and surely for the major moves!. And of course during consolidation periods, you can have a few problems.

It racked up a profit of $77,005.25 in in 80 trades on the buy side only over 1500 trading sessions using the Dow Jones Industrials - 30 index. You would have to subtract whatever your broker charges per trade to get the net. Compare that to a profit of $1,361.52 for a buy-and-hold strategy.

Using either an option strategy and/or going short as well as long could conceivably multiply those results... especially if you had a strategy to improve on the entry prices. And of course, options close after the market so you could use the close to enter the position!

I know not to pit myself AGAINST this system... you lose if you do so for any length of time - say over a month or so.
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