This entry was posted on Thursday, January 24th, 2008 at 9:50 pm and is filed under Trades, market commentary, system trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
The T2108 ETF system goes all cash tomorrow. The last exits of open positions are IEO which we entered at yesterdays open and exited today’s open as it hit the 3% profit target. EWS which was entered 12/18/07 has crossed above the 50 level on the Ultimate Oscillator and that signals an exit for tomorrows open. Once we know that closing price we can put together some stats and compare that to my backtest data this weekend.
I saw a comment on one of the recent posts that mentioned that their data showed the UO not below 30. Guys if your data source is off by a smidge on any open or close in the past couple weeks the corresponding indicator will be off. Do you really think it mattered if I bought DIA SPY EWY EWG IEO EWS …..BLAH BLAH BLAH. ……They are correlated. Look at the charts. You needed to increase equity exposure. I really didn’t care which one. You just had to have some exposure. Stop looking at the pine needles on the forest floor and THINK what just happened these past couple days (ie the forest). Do you really think it mattered if the UO was 28 or 32?
Dave Johnson
January 25th, 2008 at 12:03 am
Nice clip art Dave. I don’t care who you are, that’s just funny.
January 25th, 2008 at 4:34 pm
lol…..cmon thought was appropriate