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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (1951)	8/17/1998 2:55:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Buy signal was triggered at 1083+ on my system a little earlier Am long the futures now Futures are trading at about 1084 right now

To: Tom Trader who wrote (1951)	8/17/1998 2:59:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

<Malaysia> Been thinking along the same lines in Canada. Flying up, buying hi-yield bonds, sitting on them for a few years or until the looney/raw commodities have a revival. I figured 5 years meanwhile picking up around a 10-spot on the yield. I know someone who was in the Canadian Investment biz....I'm waiting to speak with him first. In any event, I cannot free up time to get there until late September so it's no big rush. <I think that we could see a 50% retrace in the SPX> My thought is to try to sell it in the mid 90's or thereabouts basis the SP8U. I'm a little bummed I did not go with intuition and ignore the media. 20 points plus would be a sweet trade for a few hours work. I would not have held it the entire way, most likely, but certainly 10-12 points was do-able. Not surprised you are getting divergence on your signals. Seems like an oversold bounce can temporarily confuse a system. The basic ones I was building before I left got whipsawed a lot. I'm sure your's are more sophisticated but systems cannot factor in external events in a timely fashion I would think. In other words, you don't wish to give it so much leeway that you give everything back on an oversold bounce....but you cannot tighten it so much you will be in and out more often than is practical, if you follow my train of thought. I just dropped in for a second. Hope your day-trades all went well.