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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (13441)	5/10/1999 4:51:00 PM
From: Compadre	Read Replies (1) \| Respond to of 99985

LG: The accounts were set up before the existence of QQQ. Since QQQ have been trading for a while now, I have Been migrating to this more and more. But let be correct a misconception that you have, it is that I made 400% off this system in 2 years. That is not what I said. What I said is that this system has a yield of more than 400% in 2 years if you followed it to the letter. Let me give you and example: Since April 26, The system is loosing 7.6% using a Beta of 1X. I am actually profitable in that period of time. And the yield would be much different if a Beta of 2X is used. To make it more interesting to you and I do not recommend anyone to follow my example, the system using 2X Beta is yielding more that 2500% percent. Can you see why I used an instrument as restrictive as a mutual fund now? <Why would you be long, since your last tradable signal was a sell?> I placed my order in just before seeing your post. <<Any systems that gives intraday signals is segmented day timing. That is a very short-term timing device and should be used for investment vehicles that can be traded intraday. Just my opinion...>> The intraday signals are meaningless in my system. I only give them out occasionally as a heads up. The only one that really counts is the end of the day signal. I do not trade these intraday unless I suspect that the signal will fail like in the past couple of weeks. I had good reasons to believe that. But if the trend is up and the markets are rallying steadily, I would let it be until I get and end of the day sell signal. Since QQQ is available to me now, I may not sell at the end of the day if I think it may make an intraday high next morning. Now you know all my little secrets that I tried to keep away from you. <GGG>. Regards, Jaime