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bobrabcd@xxxxxxxxxxx wrote:
> Let me present a modified view. With tongue in cheek, if one
> indicator
> doesn't work find another one. If the cycle length doesn't fit change
> it.
> Sort of like EWavers changing counts. This is mean't to be a little
> self
> criticism in that this extra volatility we have been having needs a
> more
> adaptive indicator than has been used previously. This is a very good
>
> example of why adaptive systems do have a place in analysis and should
> be
> given serious consideration. The daily ranges are generating buy and
> sell
> signals in the same day and traders taking end of day signals are at a
>
> losing disadvantage. In trying to figure out how to get a handle on
> this
> extra volatility I decided to turn on the status of the adaptive
> Modified
> Volatility Index(bottom plot) to see how it compared to the non
> adaptive
> version(second from bottom). What a surprise. The adaptive version
> went on
> a sell at the close of 8/21 and has remained on a sell. The best buy
> and
> sell signals come from the upper and lower bands in both adaptive and
> non
> adaptive system. When the non adaptive is tracking the center line
> there
> is a lot of up and down motion in the index intraday but is not giving
> a
> day to day directional clue. Will continue to track both of these and
> see
> how they play out.
>
> BobR
>
> At 03:42 PM 8/28/97 -0700, James Charles wrote:
> >Ronald McEwan wrote:
> >>
> >> For the record:
> >>
> >> I received an intra day buy signal on the AMOSS this morning and
> started
> >> a position of long OEX Sep 915 Calls. As my signals confirm this
> move I
> >> will add to my position. If there is no confirmation I will
> liquidate.
> >>
> >> Good Luck
> >> Ron McEwan
> >
> >Hi Guys,
> >
> >I too had a signal at the close yesterday and intraday this morning
> to
> >buy OEX calls; it happpens I bought the 920's today and the 940's
> >yesterday. I had big drawdown today as I held my positions. The
> problem
> >with this price action is that these end of session rallies lately
> erase
> >some of the day's earlier losses but there they are not strong enough
> to
> >move the indexes up on the daily charts. I suspect the large houses
> are
> >orchestrating this action but for me to understand what this will
> mean
> >to the market on the daily charts I first need to better understand
> what
> >they are doing and why. The tech downgrades earlier actually suggest
> to
> >me that the houses may be low on inventory. What are your opinions?
> Why
> >don't these rallies follow through?
> >
> >Best wishes,
> >
> >James
> >
> >
> Please excuse my ignorance, but what is AMOSS?
Thanks, Bob
>
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