Quote from Joe Doaks:
Opie, I am NOT patient, kind and gentle like Spydie. I am a prick like Jack. But I'll try to fake it. First of all, the analysis is a JOKE. There is no fucking way that YM leads ES. But as usual, when I go ratting down one of Jack's ratholes I come back with something useful, if not particulary tasty, in my teeth. So for me it was a good exercise.
Second of all, I don't trade ES, I trade NQ, because it is much less well behaved. ES is for pussies like you who need to follow the bouncing ball. (When I code up Jack's stuff I use pinball machine audibles at supposed turning points to remind myself how idiotic it is.)
Thirdly, the "system" so obviously works only intermittently that it is obvious the expectancy is negative.
If you look at the bottom pane at about 9:30 AM PT, you see a green bar (all my codes are for Hypo to use, and since he is such a total dumbfuck I have to use a "red-light-short, green-light-long" format for him to even approach using it, and he is so lame-brained that he makes me add yellow lights to all my codes to be sure he doesn't mistake no signal for a signal).
That first long signal worked weakly, as you can see from the red and green colored candles, which are $SPX ($DJX is in grey/black).
Moving right, the second green light worked spectacularly well (maybe 15 ES points, this is the kind of signal the Jack-o-Lites remember).
The next four signals are shorts (remember, red-light-short...?). Three were mildly successful, one failed.
The only utility of this, besides harrassing Jack, is that it is a useful tool for analytically looking for leading/lagging relationships, ever so much quicker and simpler than doing cross correlations, which are a fucking nuisance. For example, one can quickly check whether or not the cash index fot the wholesale price of pussy in Bangkok leads the future for vaginal lubricunt sold in international airport terminals.
