written by on 16/01/2008
Good Points
good in flat market
Bad Points
Mathematical formula is not reliable.
It appeared in spring 2007 that market makers were on to the system as wide fluctuations were noted just before expiration causing loss of 10's of thousands of dollars. After expiration ,market would return to normal trading range. Happened about 8 times.
General Comments
Over 4 years, my averaged turned to be 3%. Huge profit quickly in 24 months, then wiped out 12 months later. My advice? Get out while you can or take your profits & run elsewhere.
Nothing lasts forever does it?
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