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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?


To: Brian Hornby who wrote (3494)2/9/2000 9:03:00 PM
From: Matthew L. Jones  Read Replies (1) | Respond to of 7434
 
I know this is going against the prevailing bearish talk on SI right now, but futures are sitting on the 200MA30 and right at a test of the fib retracement of the last bull move. Stochastics (30 min and 5 min) are very oversold currently (5 and 6). Seems down, but T/A says up. What do you think?

Matt



To: Brian Hornby who wrote (3494)2/10/2000 2:35:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 7434
 
I just got in the door, haven't even prepared the data for the NN yet.

I suspect it's Short, a new ND system I created this afternoon went Short at the Close. The system isn't stable yet though; I backtested it a year and it's ahead 722.80 NDX points. I used a similar method that I have started to trade the SP with. Still, modelling the ND has been much harder than the SP. So I don't trust it yet.

The Bearish Engulfing Pattern I think I see is on today's action in the SP0H. I'm not quite certain I put more stock in Candles than my normal abnormal pattern systems so at this point it's just one of those "nice to know" indicators.