Stock Market Highlight #3
"ALMANAC V" trading system used to exit short S&P 500 stock market positions producing over $50,000 profit - 1998 rally begins.
(COMMENT # 19)
UPDATED 19980113
COMMENT 1998-19
1. The OPTIONAL FAX "Seasonal Trade Portfolio" used a variation of the "ALMANAC V" trading algorithm to exit the stock indexes sold short on 980105 via OPTIONAL FAX # 390, pyramided 980106 via OPTIONAL FAX # 391, and pyramided 980108 via OPTIONAL FAX # 393.
2. Entry SPH prices, as an example, were @ 98630, 97645, and 96535 with other stock indexes similarly priced.
3. Exit was provided on 980112 (Monday morning) in OPTIONAL FAX # 394 @ 92205 with a variation of the "ALMANAC V" trading algorithm applied to 5 minute bars and then lowered to just above the opening range after the market continued to new lows.
4. The market declined in 33 hours instead of the 66 (65 + 64 + 66 = 195) presented by the center of the box shown in COMMENT # 1 of 980105. Hence, the move required exactly 1/2 the anticipated TIME (RATIO = .500).
5. PRICE declined to an intraday low of 7445.9 which is just 0.5 point beyond the EXACT center price target displayed in the box of 7446.4.
6. The "ALMANAC V" trading system is described on pages 256-257 of "The 1998 $upertrader's Almanac - 1st Half Edition".
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