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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (10927)12/23/1998 9:53:00 AM
From: F Robert Simms  Read Replies (1) of 44573
 
Well, I should not have been irritated.....sorry.

Already forgotten:)

Look if you still have them there is a probable short this afternoon retracing Monday but no guarantees.

Thanks I still have my short on the SPY which I plan to close.

Now pull up an intraday chart and look at the morning action. See how abrupt that drop was? Another sell off at noon was unlikely. What appears to have happened was the entire morning pattern of a selloff was compressed into 45 minutes much like the morning rally on Monday.

Thanks, I will store that one in the memory banks.

That is to say, if you are expecting a selloff and it happened so hard in such a short period of time you should be at the very least trailing a reasonable stop to protect profits.....in a day trading mode, anyway.

Good point. Stops have always been confusing to me. Stops often don't backtest well.

So what do you have for today?

My GRNN's are still oscillating. Others are mixed. Some say get out of the market. Last sounds best:). My TA says short but Christmas says long.

My models think like I do, that is scary.

They are going from

14 Long, 3 Short, 4 flat

to

7 Long, 10 Short, 4 Flat

at today's close.

I've never never seen such a turnaround on one day. Must be something really out of whack in the variables I use.

It may be that there is not a big trend and a feather can tip the balance one way. I am thinking about adding more TA type variables to help give a more realistic bias to my models. I try to assume that all of my models are correct. In this case it would be long to flat with maybe a slight negative drift. I also would see where my most profitable models were.

Decision point seems to have some good one's:

decisionpoint.com

Best Wishes,

Bob
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