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To: John Lee CA who wrote (11)3/21/1999 11:55:00 PM
From: Mr. Aloha  Read Replies (1) | Respond to of 430
 
Hi John -- I just sent you a message on the LastShadow thread about your OEX strategy and this thread, and suggested we discuss it here. Then I see you're already here! Wow, you must have telepathic powers (useful for a trader)...

Anyway, I mentioned that your strategy looks to work pretty well with the OEX. Do you use the exponential MA or the simple one? Have you modified this strategy any? You may want to look at the 5-minute chart for an earlier signal when there's a clear trend developing. Also, I used stochastics combined with momentum and MACD on Thursday for a profitable OEX option trade.

Do you always use OEX rather than SPX? It seems like there's so much more volume on the OEX options, and the spreads are usually smaller, but I never really knew why. I like to think of the market in terms of the SPX, but the OEX is about 1/2 of that.

I may start trading QQQ (Nasdaq 100 tracking stock) and its options as well as SPY and maybe DIAmonds. Do you use any of these?

Thanks for sharing your strategy,

Mr. Aloha



To: John Lee CA who wrote (11)3/22/1999 8:42:00 AM
From: John G. Mueller  Read Replies (1) | Respond to of 430
 
Thanks John,

The OEX 15 and 30 was interesting. I assume you are not trading individual securities but indexes. If you were trading a momentum stock might you therefore use similar narrow time frame rather than 9 and 50 day moving averages?

John