SPDR S&P 500 (SPY)

[learningboutinv]

Gleno, Just looked at the TRINQ chart again. It appears that on 10/1 trinq closed at 2? I can't really tell from the candlestick for 10/1. May be you or someone else can see what the closing day basis was for TRINQ on 10/1. On 10/2 it closed @ around 5.5.

BTW - Cheap land? Where are you looking in East Oregon or are you just joking?

Here is a recap of the DD and in 3-5 biz days a possible ST rally?


From: scamman
Replying To : screentrader (post 46378)
May 14 2002 2:34PM
Title: the Double Deuce

Hi Screen - Thank you for the compliments - certainly Vess, Foot & Fund are deserving of high praise for their consistent efforts. And there are many others as well! I am just an amateur, and I have learned the hard way. I have found a few things that seem to work - so I share them with anyone who cares to steal money from the market-makers!

BTW, speaking of buy signals - the "Double Deuce" has worked like a charm this month! My Modified Double Deuce theory is that when the Arms Index on either NYSE or Nasdaq is 2 or higher on a closing basis on back-to-back sessions, there will be a significant rally within 3-5 sessions. The Nasdaq Trin on May 1st was 2.07; on May 2nd, 5.77; on May 3rd, 2.86 - got the rally on May 8th; on May 9th, 2.70; on May 10th, 4.24 - got the rally May 13th-14th.

Of course, the Rule of Three kicked in basis the Dow on May 8th. Again, regardless of which index or exchange triggers the signal, I will trade the OEX.

I agree with Vess that it is silly to talk about a "new" bull market based on the Double Deuce, but it sure as hell can make you a lot of money on a short-term basis! Which, after all, is what Arms or Trin or STI is - a short-term trading index! (The OEX May 535 call hit a low of 1.65 yesterday - and a high of 10.40 today!)

Use the Rule of Three and the Double Deuce - and you've got'em coming and going! And you can go diving wherever and whenever you want!!

BTW, thanks for the lovely quote from Dickens.