9

70 3 18000 100

Douglas A. McIntyre
President & Publisher
FINANCIAL WORLD
New York City
May 27, 1987
A
1

1987 5 27

1985 11

6 11 6 11
5
1984 6 11 17
10000
30

30

50

1999
Stanley Kroll

MBH

18

.....................................................................................................................................................3
3

 .......................................................................................................4
01 .................................................................4
02 ..........................................................................7
03 ....................................................................................................................10
04 ................................................................................................................13
.................................................................................................17
05 ....................................................................................................................17
06 ........................................................................22
07 ....................................................................................28
CHAPTER EIGHT The Trend Is Your Friend..........................................................................35
08 ........................................................................................................35
09 ........................................................................40
..........................................................................................................................47
10 .......................................................47
11 ........................................................................53
12 ................................................................................................58
13 /...................................................................................68
14 ....................................................................................75
15 .......................................................80
..........................................................................................................................85
16 ...............................................................................................85
17 ........................................................................................................87
18 ................................................................................90
19 ................................................................................................96
....................................................................................................................103

01
40 75

40

1967
10 17

6%

scalp

scalp

8 10

1.

1-1
1-1 1986 12

2. 3

45%55% 3 5
45%
55% 3 5

3.

4. 2

5.
6

45% 55%

6.

02
600
3

25

12.00 20.00

12.00

22.00
6
200000 12.00
20.00

12.00 15.00

22.00
200000

A
65%
8

25000 15
10 1 1 2 2 1
32
25000 6
32 50000

3000

10000 9
10000

20%

35
475

100%

16
44 14 44
2200
9 500
3

03
KISSKISS
keep it simple, stupid

1985 10

134.00 12 140.00
141.00 7

134.00141.00 3-1
3-11985 12
10

1985 7 10 134.00141.00

10 10 12 141.65
270.00

10 7
12
141.60 12 133.40

10 10 12 138.80 300
141.65 229
141.60141.80

1984 160.00
160.00

11

11

12

141.60141.80 12
180.00 12
14000 270.00

1985 12

1985 12 4
89

89

12

/ 30

20

2 3 4

1500020000

04
1829
13


1983 1
10 20
3 2 1

Buy copper

18 points

Buy gold

16 points

Buy foreign currencies

15 points

Buy stock indexes

14.5
points

Buy cattle

11 points

Buy silver

7.5 points

18

16

15
14.5

11

7.5

6 2
6 4

1982
1982

1982
1983
6

1.
2.

14

1975 1980 30

19 86

15

20004000

16

05

6% 10000
170000
3%
6%

17

ab
c

future

10

18

 50%

70
3.60
4.90 7
5-1
5-11975 3
5 3.60
2 6 3.85 7 4.40 1974
12 9
3 4 2
7 1

19


10
1984
30 12.5 17
10

20

 200

20 5-2 5-3

5-219811986

5-3 20

21

1939

12

06
1989

22

500

20 30

1985 7 2 70.0073.00
7 10
74.00

7 26
23

2 74.00

16.00 6700 6-1

6-11986 2
1985 6 7 70.0073.00

7 26 90.00

24

30
25

1984

230.00 6-2A

1984

6-2B 80

6-2A
1984

1983
198586

6-2B

26

27

07

1.

2.

5 30
40

1986 8 27

7-1
7-11987 7
8 27

28

5
34

1972
45.0055.00
45 55

1964
Year

Starting
Price

High

Market
Advance

1964

30 cents

62 cents

32 cents

1966

38 cents

82 cents

44 cents

1968

42 cents

76 cents

34 cents

1970

44 cents

80 cents

36 cents

29

1964

30

62

32

1966

38

82

44

1968

42

76

34

1970

44

80

36

7-2

30.0038.0042.00 44.00

48.0050.00
350
7-2
19711972 45.0055.00
48.0050.00 1973 1
59.00
70.0070.00 1974 130140
1985 55.0070.00

30

56.00 75.00

100

130

1984 8

76.0012

31


56 9 38.00

7-3 7-4
7-31984 12
4 76.00

6 55.00

7-41984 9
5 6 36.00 38.20
5

38.00 50%
9 33.00

32

30 10000
3 60 10000 3

33

12 14
2.00 2.00

1.33

1969
1974 60.00 7-5

7-5
19671968 2.00
1.33
2
5 1974 60.00

34

CHAPTER EIGHT The Trend Is Your Friend

08
1980 7 5
16

1986

35

12.00 3.00

7 17

8-1
8-11986 7
7

36

1984 7 11
1985 12 6 17
10550 17

7 11
8-2
37

 8-2
7 11
1985 12 17
17 10000

1960

50

38

6400

350
200

39

09

1985
1986

1985 4 2.85 9
2.20 3 3.60 7 2.75 4250
1984 6
9-1 1984
6 11 12000
1985 12 16
10500
9-1
1984 9.00
1985

40

80

41

20

3 2 1
Buy foreign currencies

20 points

Buy T bonds

15 points

Buy stock indexes

15 points

Sell heating oil

12 points

Buy soybeans

10 points

Buy silver

7 points

Buy hogs

5 points

Sell soybeans

5 points

20

15

15

12

10

8 6
42

8
2 2
1984 8

Profit

Loss

Buy

Sept

D-mark

$ 1,000

Buy

Sept

Swiss

4,100

Buy

Sept

yen

1,562

Buy

Sept

T bond

2,587

Buy

Sept

S&P

8,875

Sell

Aug

heating oil

1,029

Buy

Aug

soybeans

2,650

Buy

Sept

silver

3,250

Buy

Aug

hogs

$ 981

Sell

Aug

soybeans

2,650

$3,631

$25,053

1000

4000

1562

2587

8875

1029

2650

3250

981

2650

43

3631

25053

91

50%

1978 1985
69.00 35.00 58.00 29.00
2.40 1.05
7

1. 7

2.

3.

44

 9-21985 34.00

1985 3 12 6 13
34.00 41.00 50%
37.00 38.05

9-2
1978 69.00
1985
7 1985

50% 100% 600 1500

15000

1000
1000
45

1985 5

1.
2.

3.

21 14% 48%
38%
15 %
25%

1984

1000

46


10
1983 3 23 8 30

5 6.11
5 6.23 6.23

10-1
10-11983 5
3 23 6.23 3
50%
3 1983
3.75 18000

47

a
b

5 6.265
10

70

50 100
150

50
100 150

1.

2.
48


3.

F F

40% 50%
F

30
1983

60

49

70

200
1800

4 5

K 90000

K 11
11
K

50

3
27.00 1.60 K
90000

11
9.35 55 2750
8.80 40 60
35
20

70
1972
10.30 11.30
17.00

3.19 5 3.22 3.24 3.36

3.36
8.59

56 8.58 7

51

15930 13

4 3
7 7
a
b 50

FIA 1987 1/2

4

4 4
4 40

52

11

20

1.

2.

1.
2.

1985
2.50

1987 1 26 200 600

2240
53

 3
8.22 22 500000 700000
100
1988 1989 750000
150

200

1984

1983
2.75 4
45 3.20 20
50% 8 3.75
6
700 5000

3.75

54

1.

2.
11-1 1983
3.75
1984
3.62
3.62

91
11-1
1983 3.75
1984 3.62
1984 5 1

55

Bought

Sold

A. Mar 22, 1985 @ 278.8

May 01, 1984@336.5

B. Mar 22, 1985 @ 278.8

May 15, 1985@273.9

C. Oct 31, 1985 @ 234.7

May 15, 1985@273.9

A. 1985 03 22 278.8

1984 05 01
336.5

B. 1985 03 22 278.8

1985 05 15
273.9

C. 1985 10 31 234.7 1986 05 15

273.9

Profit

Loss

$2,825
$305
$1,900

2825
305
1900

1984 5 1 1985 10 31 18
A 1984 5 1
10
1985 3 22
B

C 5

56

11-2 15 4.00
10.00
8
5.50
6.50

9.00
7.50

11-2

5.50
6.50

57


6.507.00

12

58

5000 1000 2
5
1961
1000 2 2500 2 45
10000 80000
3 10
22500

15

80000

59

 100 1 99

K 1870 K
1870 1968

X X

5 20 4 9 18

60


19 19
19
5
20 5
20 5 20
4 9 18
4 9 9
18

15
5 15 14
15 1 5 15
14
120

1970
1976 13 3 70

Best
Cumulative Number Number Numbe
Ratio
Average Profit/Loss
of
of
of
Profits/Tota
Trades
Profits Losses
l Trades
Silver

19 days

$42,920+

1,393

429

964

.308

Pork
bellies

19 days

97,925+

774

281

493

.363

Corn

43 days

24,646+

565

126

439

.223

Cocoa

54 days

87,957+

600

157

443

.262

Soybean
s

55 days

224,195+

728

151

577

.207

Copper

59 days

165,143+

432

158

274

.366

Sugar

60 days

270,402+

492

99

393

.201

61

19

42920

1393

429

964

.308

19

97925

774

281

493

.363

43

24646

565

126

439

.223

54

87957

600

157

443

.262

55

222195

728

151

577

.207

59

165143

432

158

274

.366

60

270402

492

99

393

.201

.201 .366

1978

8 35 8 35
19701979
20
Silver

13 versus 26 days

Pork bellies

25 versus 46 days

Corn

12 versus 48 days

Cocoa

14 versus 47 days

Soybeans

20 versus 45 days

Copper

17 versus 32 days

Sugar

6 versus 50 days

13 26

25 46

12 48

14 47

20 45

17 32
62

6 50

1975
1980 5 20

Silver

16 versus 25 days

Pork bellies

13 versus 55 days

Corn

14 versus 67 days

Cocoa

14 versus 38 days

Soybeans

23 versus 41 days

Copper

4 versus 20 days

Sugar

14 versus 64 days

16 25

13 55

14 67

14 38

23 41

4 20

14 64

1 21 3 63
21 63
63

70 80

63

S.H

T.A
8

1987
5 10

M.L
3 XYZ 1983 5

19000 3 81814

64

6
6

84% 12%
34
5
2884 440

75
65

 7500

3
24500 4 25000

13

QUICKTRIEVE
256 K

91

1540

12-1
66

IBM 16

12-1 91

12-11983 5
IBM

X 6 72

67

13 /

30

19831985 3
26.00 32.00 13-1 30.00
32.00
26.0028.00
13-1
19831985 26.00 32.00

1986 1
11.00
1

68

13-2 13-3
13-21987 6
1986 8 1987 1 6
94.4595.00 95.00
94.45
94.35 95.10
2 10
6 94.31

69

 13-3
1983 7 1985 10 130.00160.00 27
160.00
130.00
127.00 163.00
1985 10

70

0 100

13-4

200
71

 13-4

FIGURE 13-4
13-4

1.
2.

72

600
12 12
12 1997
3 13-5 4.80 5.10
4.89 4.86 4.74
12 5.04
5.16 12
13-5 1987 3
4.805.10
4.86 5.04
5.16 4.74

6
5.04 1000 5.16
2000 4.86 1000 4.74
2000

5.04 1000
4.86 2000 4.86
5.04 2000

73

80% 100%

1 100000

74

 14
3 3
3 2
3 1 2

2 2
2

4 15
2

2
3 1 2

14-1 14-2
1 2

14-11987 7 1 /2
1 /2 8.60

8.60

75

 14-21987 7 1 /2
1 /2 1 /2 1.72

1.66 1.72

76

1942 1951
2007
18411941
101

January

2 times July

February

7 times August

March

12 times Septembe
r

April

14 times October

6 times
16 times
8 times
13 times

May

5 times November

10 times

June

9 times December

12 times

16

12

18

14

13

77

10

12

8 3 4
5
5 6
8
1933 1980

1930

2 22
7 1
11 28
1 10
5 10
9 10
30 40

MBH MBH

25
1977
1953 1977

14-3 14-4
14-3 7 MBH
2 2 7
7
1 1

78

 14-4 12 MBH
12 12
4

79

15
80
80

81

1983 1987

1986 6
5000 400
10
750
1150 /
1150 750
500

750 /

7
15-1

CRB 15-2
15-2
63 1.05 42
21 1000
100%
15-11987 7 1987 7

82

FIGURE 15-1 (Concluded)

15-1

15-21987 7
83

70
1.00 30
90
90
20

84

25% 50%

16

20

7 7

1877 14
3

30

85

1959

1923
1985

86

 17
80
1981

12

5000

1983 1986

17-1
17-1CRB
1983 1986
87

1984
2 9
6

6
9 9 20
500

9 10
5500

20%40%

88

 A
B

180 A
B

50

40 60

19

89

 18

5%

RSIDM R
30 60
3 5

5%

6
8
1975

90

50% 100%

750 400

1987 5
1985 2.60
1986 6 9
1.65 2.00 8 2.00
9 22
2.07

1.00 18-1
18-11987 5
3 1.652.00
2.00
9 22

1.00

91


C D

4%
5%8%10%
5 2 2 1

50 500 450 500

550
100% 100%

30000 10000 33%

20000 30000
10000 50% 33% 50%

92

 45%
45%

1. 105000 9
30000
35 12 23
1799 6844
45%
9232 135000
1340 6844
2.

100000 13
54500 13
14 3
255 4156
45% 6719 634

3.
18000 18 130000
230 150 1020
515

Metals
Fabricator

European
Bank

Private Pool

Starting capital

$105,000

$100,000

$18,000

Net profit (loss)

($135,000)

(45,500)

$112,000

34%

21%

65%

Average size profit

$1,799

$255

$1,020

Average size loss

$6,844

$4,156

$515

Average size loss If limited

to 45 percent of margin

$1,340

$634

Total net loss if Limited to

45 percent of margin

$9.232

$6,719

Percent profitable trades

93

105000

100000

18000

135000

45000

112000

34%

21%

65%

1799

255

1020

6844

4156

515

45%

1340

634

45%

9232

6719

1986
3 18-2 51.00 12
10 62.00
61.00

18-21986 12
11 3 59.00
58.00
59.50
94

12 19
12 800

59.0012
10 27
100
6
100 1250

4
58.00
40%
95

 58.00 59.50

59.00
59.50
57.40
11 10 11

11
12 19

19

1961

96

27 20

1975 16

41

1983 8
1 4
2 2 4
7.20 1984 3 10
6.20 7 1
11 15
9.90 1500 18000
9.00
10
10.00 3
19-1
19-11984 3
7 6.20
6.20 9.90 3
18000 10
10 3

97

 40 60
2

ba

5 10

98

 1987

5.00 5.50 8.00

19-2
5.00 6.006.50 7.00
19-2
5.005.50
6.50
7.10

1983 14.00

1985
99

 1986

5.005.50

6.50
7.10
6.50
7.10

6.807.00
9.5010.50
4 2

18000

1200 2000
4.00 5.00

1987 2

1.

5.00
100


2.

3.

1985 10 10
139.93 91

1986 1 29 223.34
139.93
223.34 83.41 31000
19-3
19-31986 5
400 1985 10 10 139.93
1986 1 29 223.34 91
83.41 31000

101

5000

16

1986 8 13 34.54

68.00

1987 1 28
5

54.83
20000
194
19-41987 7
68.00 1986 8 13
5 1987 1 28
10000

102

60

103

30

1520
5

7 6

1987

1987 4

104

105