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Strategies & Market Trends : Trading SPY and DIA for Fun & Profit -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (31)	1/30/1998 1:01:00 AM
From: CatLady	Read Replies (1) \| Respond to of 130

I'm sure there are plenty of variations available to someone with deep pockets and knowledge to hedge positions. I'm sure not at that level. I don't agree with the Random Walk theorists who say the market can't be (profitably) predicted. I've come up with a combination of indicators and methods that seems to work on paper, but it's just a theory unless I can trade it profitably. The S&P500 seems to be the best proxy for the "market" that's tradable and liquid. The choice between SPY & SPX is a close call, valid reasons for either. Outlook for tomorrow? beats the heck outta me! My best model says BUY, but there are also alot of signs that market is overbought and at a short term top. Globex futures aren't giving much of a clue at this time either. The CBOE site has some good stuff on options valuation: cboe.com cboe.com CL