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


To: SE who wrote (20495)4/7/1999 10:51:00 PM
From: Brian Hornby  Read Replies (1) | Respond to of 44573
 
Perhaps I will join the bears after all. My best SP neural system (the one I trade) just went short, so I am exiting my long futures position tomorrow. 65+ pts profit; I don't mind getting out and it's nice to have something tell me the target is hit. The "system model" (combining the various nets) is still long though, so I will exit and then wait a day before deciding what to do. Of all the nets, it is going from 68%long to 38% long at tomorrow's close. My mentality is long, so position shorts are against my grain and this market seems to have a lot of steam. However if it sells off on Friday into next week I will be impressed. Looking at the chart it DOES seem to be bumping against the upper trend line so perhaps this will be a point of resistance.

Bond model is still short but almost long, the system bond model is still long. I plan to switch to trading the system models once I feel happy in how they work....



To: SE who wrote (20495)4/8/1999 11:24:00 AM
From: Chip McVickar  Respond to of 44573
 
With GE coming in strong...europe up interest rate cuts in Britan,
Brazil Improving, Europe stable, Asia seems stable

Were Going to see 1350 SPX (1361 spoo)

Maybe today, but must get through 1332 Mt 3/24
There's a cross of Mt and Ut at 1355 SPX