Under the tutelage of George C. Lane, originator of stochastics, participants study Dow theory, Tubbs, chart patterns and logic behind market action. They explore computer-generated signals and the nuances of stochastics. They develop criteria for entering trades, master measuring tools for anticipating price objectives, such as Fibonacci and Elliott wave, and plan strategies for protecting their risk capital and for taking profits. Participants then go to the computers for two days and apply what they've learned to live stock and futures data coming in from the exchanges.
Classes are limited to six participants.
Essex Trading Company has released version 3.0 of its Option Pro On-Line software. The software, first released in 1992, was codeveloped by David Wesolowicz, president of Essex Trading and a floor trader at the Chicago Board Options Exchange for nine years, and Jay Kaeppel, author of The Pro-Vest Option Trading Method and The Four Biggest Mistakes in Option Trading . Version 3.0 offers new trading strategies and new volatility skew filters for identifying potential trades. The trading logic used in the software's OEX trading system has been improved to increase profitability while reducing risk. Other enhancements include new graph indicators, position management tools, and volatility and volume analysis.