The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: D GALL who wrote (79)	9/16/1996 10:25:00 PM
From: Leland Charon	of 658

D Gall, Here are some of the recent signals that my system has produced: 9/9/96 Buy Oct 670 Call on the open @2.50 9/10/96 No Signal - Continue to hold Oct 670 call 9/11/96 Buy the Oct 670 call again on the open @2.38, closed out both positions in the Oct 670 calls at $3.63 for gains of 45% and 38% respectively. 9/12/96 Buy Oct 675 call on the open at $2.38. Closed out this position later that day at $4.63 for a 95% gain. 9/13/96 Buy Oct 680 call on the open for $3.25. Closed out this position later that day at $4.00 for a gain of 23%. 9/16/96 But the Oct 685 call on the open @$2.75. Keep in mind that I only used closing data to calculate the gain so therefore, this percentage could have been higher in most if not all cases. In case you are wondering this system is basically trend following in nature. The only problem that I have been having is when there is an abrupt change of market direction. This system has produced four winning trades in a row that have been the purchase of calls, therefore, I would probably be leary of purchasing another call on tomorrows open although the system says to do so. I guess it isn't so bad if I immediately get out of a trade if it starts going against me right from the start. Leland Charon.

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