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Strategies & Market Trends : Neural Nets - A tool for the 90's -- Ignore unavailable to you. Want to Upgrade?

To: F Robert Simms who wrote (261)	11/3/1998 8:46:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 871

<If you belong to Traders Group> I do not think I ever heard of it, Bob. Also, I'm not quite certain I need all of Pinnacle as I have Reuters but I suppose I may as well just get it all. Next year I can oust what I do not need or, even better, maybe Carl will accommodate me by creating a way to patch in data from Bonneville. Reuters has spotty reliability, in my experience. Howard tells me Pinnacle updates earlier than Reuters but then he gets a lot of data from CSI as well. When I explained to him what I had to do to port the data into Profit he thought for a moment and said if he had to do what I did he wouldn't do it. One interesting glitch, to me, is if a bad piece of data is in the archives and the supplier never finds it. It always seemed to be an inherent flaw in an ANN but I imagine there is not much one can do about it. In any event, I imagine you are still riding those SPX puts? Did you get into those in an acid test of the Profit model? To ramble a bit more, I think it's difficult at best to trade options off a Neural Net because one has to factor in Volatility and Pricing versus premium decay. Tom Trader, using the opposite side of the coin, has been very successful using the opposite tack per his system but one has to be very nimble and able to withstand drastic reversals due to the unlimited exposure that comes with naked OEX writes. Catch you later; I have to get back to work. If you get a minute please let me know what this Traders Group is.