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

To: Patrick Slevin who wrote (7460)	10/28/1998 5:33:00 PM
From: F Robert Simms	Read Replies (2) \| Respond to of 44573

I tried to send the message below at 2:30 eastern and SI crashed. Here I go again. ---------- Carl's model does not have to be correct in the call, in any event. Of course, it isn't the Holy Grail. I wouldn't want to be trading against it though. My mind keeps drifting back to the seasonal bullish statement of McMillan's. It's hard for me to make a decision as to which way I would bet this if I tried to position it. This sideways stuff would have me climbing the walls at this point anyway; it's just as well I don't have anything ready to test yet. I imagine you don't day trade at all, just position per the models? You are right. I position trade. What I have been doing is waiting for my model to call a turn. On the day that Profit called short I would buy a put near what I thought would be the peak of the day or buy a call at what I thought would be the low of the day if Profit was long. I have been very lucky in my picks and often get very close to the week's high/low. I have not been trading this way long enough to have it be of statistical significance. It's just very hopeful. Best Wishes, Bob PS. If I was watching the market at 2:30 I might have bought a call. I didn't want to chase it though. I may have another chance tomorrow.