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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (4419)10/21/1998 10:28:00 AM
From: smolejv@gmx.net  Read Replies (1) of 11051
 
Re back-testing and mice and men...

Fact is - this is the PROPERTY of the market, or possibly even better a definition of the market - that no back-testing can make it behave according to the model made. I get bouts of nausea when I see all those "guarranteed" success models (they're usually back-tested using the SFR/DM exchange rate, which is one of the sandbox cases,delivered with the Omega station)... Im not attacking the idea of doing anything with puts, Im just questioning the wisdom of using Martingale to enter the position. I always thought of this investment approach as pure posturing. Reminds me somehow of kids betting who'll jump the last over the train tracks.

You have to discount or ignore few of the points Im making due to of the environment Im working in. No CBOE etc here, I cant short etc. Still, this does not hold me from making money or from losing it either. Its a question of strategy.

But I guess my prayer is getting sort of too long for a nice day.

DAX is bumping against the resistance. Will probably end up in a triangle and then we will see.

BTW, the recent drop in SAP is due to me entering a long position (g).

DJ
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