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Thursday, June 23, 2005

Larry, Larry, Larry McMillan


The Option Strategist -? Online Seminars


McMillan's Favorite Systems - Disclosed

Learn McMillan’s favorite trading systems.
These are the systems
Mr. McMillan personally trades!

*

Definition:
"System: a method of trading with fixed rules for entry and exit and therefore no room for interpretation."

Three systems for day trading the S&P 500 futures (applicable to any other broad-based index as well, using options or futures)

The Previous Daily Range System (S&P day trading)

T-Bonds vs. Stocks (S&P day trading)

OOPS System (Larry Williams' day trading system)

Position trading the broad market ($OEX options)

A system based on the McMillan Oscillator

Two broad market seasonal systems with phenomenal track records.

Momentum trading index and futures options

The rules for operating each system will be clearly defined.

Track records, including cumulative profit graphs, will be shown.

Important system features such as average investment, maximum drawdown, and percent of winning trades will be disclosed.

This course is priced at just $500.
"The value of these systems is easily worth the price of this seminar"

Testimonials
"What an exciting and new seminar experience! I thoroughly enjoyed "attending" from the comfort of my home, very convenient. The information well presented and all questions answered as if I was attending in person. I look forward to taking other valuable online courses."
-F. Fox

"This was by far the best seminar I have attended. I can't wait to start using the systems and making money!"
-B. Stanton

"Larry as usual, you've provided practical and readily-understood information. Adds a lot of value to my trading process. "
-C. Johnston

*

* Cancellations
Due to the valuable nature of this seminar's visual portion, once you have enrolled and received the download links for this seminar, no refunds will be permitted. You may request NOT to receive the links to preview the seminar slides if you wish to enroll but are uncertain about your schedule for the upcoming date.

For Thursday, June 23rd


This is a Portion of the FREE Weekly Commentary is a part of a comprehensive weekly posting for subscribers of The Option Strategist newsletter. Click here to receive the full commentary free via email. Click here for Testimonials.


Stock Market

The old adage is "never sell a dull market." Well, this market is about as dull as it gets. I was recently struck by the similarities among many charts: a strong advance in May and then a flat, tight range in June. The charts of the major averages look a little better than that, though, as $SPX, $OEX, and $DJX (the Dow) have all made new highs in the last week. We still expect them to challenge the yearly highs as long as the current indicator readings hold up (near 1230, basis $SPX, for example).

Equity-only put-call ratios (Figures 2 and 3) have remained uniformly bullish, as they have continued to decline. They are getting lower on the charts, which means they aren't in the favorable positions they previously were, but that's to be expected after such a long period of advance (the actual start of this rally was back in April, although the put-call ratio buy signals were generated at the May bottom -- almost exactly a month ago).

However, there is a new development, as the averages just began to curl upward. There are small circles on the charts that highlight this. Our computer projections are not saying that this slight curl upward is anything to worry about, and similar curls in the past few weeks have been meaningless. Still, we want to keep an eye on this because of the reliability of this sentiment indicator.

4 comments:

Anonymous said...

Hello Old Fox, been looking for the latest info on emini trading and found this post. Though not exactly what I was searching for, it did get my attention. Interesting post, thanks for a great read.

Anonymous said...

Hi Old Fox, Out surfing for information on online trading & happened upon your site. While this post wasn't exactly spot on, it did strike a note with me. Thank you for the really good read.

Anonymous said...

Well done on a nice blog Old Fox. I was searching for information on option trading and came across your post this post - not quite what I was looking for related to option trading but very interesting all the same!

Well, Christmas is over and we're all getting ready for the new years and there aren't many trading days left. Although I'm still trying to grapple with where the dollar's headed next year. My feeling is that it's going to be much the same as this - all over the place, but possibly on the ascendant over the year, mainly due the instability in the Eurozone. And as for stocks, I think the safest thing is to stick to trading the indices. There's still too much downward pressure.

If you do have a moment, please take a look at my new site on: Option Trading .

A merry Christmas to you and yours! Amon

Anonymous said...

Well done on a nice blog Old Fox. I was searching for information on day trading and came across your post this post - not quite what I was looking for related to day trading but very interesting all the same!

Well, Christmas is over and we're all getting ready for the new year - so no more trading this year. I hope you did well. Personally I'm highly satisfied with the year. Although I'm still trying to grapple with where the dollar's headed next year. My feeling is that it's going to be much the same as this - all over the place, but possibly on the ascendant over the year, mainly due the instability in the Eurozone. And as for stocks, I think the safest thing is to stick to trading the indices. There's still too much downward pressure.

I'm personally bullish on dollar and oil futures, although I'm in for the long haul.

If you do have a moment, please take a look at my new site on: Day Trading for some serious trading systems. I think you'll find it worth your while.

A happy new year to you and yours! Amon