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Strategies & Market Trends : John Pitera's Market Laboratory
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roguedolphin
To: isopatch who wrote (17895)3/11/2016 7:58:41 PM
From: John Pitera2 Recommendations   of 33421
 
Hi Iso,

You make some very good points. There are so many aspects to investing, trading....' The art of asset allocation' as David Darst wrote of in his book by that very name.

Michael Burke often discussed a 90 - 10 approach where 90% of his allocation was in a pretty conservative laddered bond portfolio of pretty good grade and 10% for fairly speculative forays into options, futures etc.

He was nice enough to come over to my bosses office and we sat through a four hour pitch by a guy from Sugarland Texas who had a trading system that he was endeavoring to get my employer into.....

I was asking for a pretty minor modification to have the system use a 20 day Average true Range instead of the 14 day he had the system built with..... I wanted the 20 day as that was what Larry Hite used with his Management firm and was discussed in the first Market Wizards book.

So I suspect we will see a disruptive election results in Germany this weekend that will weakend Merkel and create consternation regarding the European Union..... etc.

China is going to have some terse and combative words for the US and Mr. Trump next Tuesday.

and Chicago is attempting to take us back to 1968..... ah the curve balls of 2016.

John
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