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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: dennisp who wrote (2774)	2/2/1998 6:00:00 PM
From: xstuckey	Read Replies (2) \| Respond to of 12617

"What is your model telling you now?" Hi Dennis, Funny you should ask. The model had me cover the short (for a loss) and go long about lunchtime, followed by yet another sell signal near the close. Fortunately, the buy price and the sell price were identical and I matched both, so the loss on that trade was only the brokerage fees. Will I be suprised at another buy signal tomorrow morning? Nope, because experience indicates that whipsaws come in epidemics rather than randomly. Trading this way is not for those who attach any great importance to being right, for they will soon be carried from the field on their shields. If any think trading a mechanical model is a cinch once you have the model, ask yourself if you have the sand to continue to act on these signals in the face of multiple whipsaws. Best Trading, X