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Can you please take me off your eMail communications list.
Thank you.
Joe Faltermeier
On Sun, 31 Aug 1997, metastock-digest-request@xxxxxxxxxxxxx wrote:
>Content-Type: text/plain
>
>metastock-digest Digest Volume 97 : Issue 216
>
>Today's Topics:
> Re: metastock-digest Digest V97 #213
> Re: Weekly Pick
>Date: Sun, 31 Aug 1997 16:53:28 +0200
>From: huw evans <huw.evans@xxxxxxxxxxxxxxxxxxxxxxxxxx>
>To: metastock-list@xxxxxxxxxxxxx
>Subject: Re: metastock-digest Digest V97 #213
>Message-ID: <34098567.6FDB@xxxxxxxxxxxxxxxxxxxxxxxxxx>
>Content-Type: text/plain; charset=us-ascii
>Content-Transfer-Encoding: 7bit
>
>metastock-digest-request@xxxxxxxxxxxxx wrote:
>>
>> Subject:
>>
>> metastock-digest Digest Volume 97 : Issue 213
>>
>> Today's Topics:
>> Graphs for convergence/Divergence
>>
>> ---------------------------------------------------------------
>>
>> Subject: Graphs for convergence/Divergence
>> Date: Sat, 30 Aug 1997 18:55:55 -0500
>> From: Harley Meyer <Harley.D.Meyer-2@xxxxxxxxxx>
>> To: metastock-list@xxxxxxxxxxxxx
>> CC: WPhill9611@xxxxxxx, carterh@xxxxxxxxxxxxxxxx, MAL2@xxxxxxxxxxxx,
>> randy@xxxxxxxxxxxxx
>>
>> Phil, from down under. Sorry for taking so long. My guess is that you
>> may of learned this by now. The commentary was went seperately.
>>
>> Again if there is a problem with the charts email me. Or if you don't
>> understand something. I will keep the charts for a few days. After that
>> they get deleted.
>>
>> Harley Meyer
>>
>> ---------------------------------------------------------------
>> [Image] [Image] [Image] [Image]
>Hi Harely-all, I'm also having problems viewing charts. I just get the
>word Image with no Image at all to look at. Could it be I have an old
>version of Netscape Mail or am I missing something. Thanks for any help
>on this matter. Huw (Stockholm)
>Date: Sun, 31 Aug 1997 10:21:38 -0500
>From: Robert Doeden <bdoeden@xxxxxxxxxxxx>
>To: metastock-list@xxxxxxxxxxxxx
>Subject: Re: Weekly Pick
>Message-ID: <34098C02.EF3DC183@xxxxxxxxxxxx>
>Content-Type: text/plain; charset=us-ascii
>Content-Transfer-Encoding: 7bit
>
>Two excellent posts with which I agree. These type of posts
>are the reason I stay here in spite of the volume of
>meaningless posts which my delete key rapidly takes care of
>when I see who the post is from. BTW, I sure get a lot of
>sex related mail since I've been posting here. Wonder if
>there is any relationship. Maybe they think we're a bunch
>of horny geezers supressing our desires by looking at
>charts. Frankly, a nice looking chart gives me a better
>thrill. My wife says I'm over the hill so this must prove
>it.
>
>Bob Doeden
>Chicago
>-------------------------------------------------------------------------------------
>
>stocks@xxxxxxxxxx wrote:
>
>> Since the major averages are above their 200 day moving
>> averages,
>> there is little doubt in my estimation that the bull is
>> alive and
>> well. The fact that the bull market is intact is
>> confirmed by the
>> high level of the McClellan summation index. Also, the
>> Nasdaq
>> market just recently set an all-time high. A change of
>> leadership
>> is taking place as the Dow (large-cap) stocks are moving
>> sideways to down
>> and the smaller cap stocks are taking the lead. This is
>> shown clearly
>> in today's issue of Investor's Business Daily chart of
>> comparative
>> relative strength. During this correction, comparative
>> relative
>> strength of market sectors should give us a clue as to
>> which
>> sectors to invest. The better performing sectors include
>> the
>> energy services sector. Also, natural gas has sprung to
>> life.
>> The fundamentals of most stocks in these 2 sectors are
>> very good
>> with peg ratios of less than one in many of the
>> securities.
>>
>> At 02:08 PM 8/30/97 -0400, Jim Greening wrote:
>> >All,
>> > I've been trying to decide if we were still in a
>> bull market, a bull
>> >market correction, or a bear market and I've decided I'm
>> still on the side
>> >of the bull. Let me walk you through my logic and see if
>> you agree. First
>> >of all, my portfolio hit an all time high Friday, so we
>> must be in a Bull
>> >market <G>. Next, the breadth of the market is still
>> positive, more
>> >gainers than losers. Then, the Russel 2000 set a new all
>> time high Friday.
>> > Finally, the number of bullish investment advisors fell
>> to 32% this week.
>> >That's near an all time low and a very positive
>> contrarian indicator. On
>> >the negative side the nifty fifty have taken some large
>> hits in the past
>> >few weeks. The large cap stocks as represented by the
>> S&P 500 are
>> >definitely in a short term down trend. To me that all
>> adds up as a
>> >continuing bull market which is correcting by sectors.
>> Right now the large
>> >caps are taking hits and the small caps are recovering.
>> Does anyone agree
>> >or disagree? What do you think?
>> > The reason that is important to me is that with that
>> conclusion, I
>> >won't be focusing on shorting the market. I think the
>> amount of new money
>> >still coming into the market makes shorting the market
>> risky right now.
>> >Instead I'll continue with my long positions, but will
>> concentrate on small
>> >caps (less than $1 B) with good fundamentals. I might
>> short an occasional
>> >large cap that I think is way over valued, but that won't
>> be my primary
>> >focus. Back to the picks. This week I'm going with
>> National Technical
>> >Systems (NTSC) which Harry Kobetitsch called to our
>> attention last week and
>> >GT Interactive Software (GTIS).
>> > GTIS at 10 has been bouncing along the bottom of a
>> Short Term Up Trend
>> >Channel for a couple of months. The top of the STUTC is
>> at 14 1/4 and the
>> >bottom at 9 1/2. It dropped from a high of 26 3/4 last
>> October to a low of
>> >5 7/8 this April. It moved up from there breaking out of
>> an Intermediate
>> >Term Down Trend Channel in May and giving a MetaStock
>> ROC, ADXR, S/C buy
>> >signal. The ROC just turned positive after being
>> negative for most of the
>> >last couple of month's sideways to slightly up movement.
>> The S/C is
>> >slightly negative, but flat. The ADXR just dropped below
>> 21 which
>> >indicates no trend now. It all looks like a setup for a
>> breakout,
>> >hopefully to the upside <G>. The fundamentals are good
>> with a PSR 0f 1.62,
>> >PE of 26, Debt/Equity of 0.14, market cap of $624 M, 69%
>> insider
>> >ownership, revenue growth of 56% and earnings growth of
>> 29% last year. I'm
>> >going to open a position Tuesday. I'll set my target at
>> 25, just under the
>> >96 high and my stop under the STUTC at 8 3/4.
>> > NTSC at 7 7/8 broke out to a new all time high
>> Thursday on large
>> >volume after a couple of months of sideways movement. It
>> is in an
>> >intermediate and long term up trend. The top of the
>> Intermediate Term Up
>> >Trend Channel (ITUTC) is currently at 9 1/8 and the
>> bottom at 6 5/8. The
>> >indicators all reflect a strong up trend in progress.
>> Since this is a
>> >fairly narrow ITUTC, I won't set a target, but will set
>> my stop under the
>> >channel. The fundamentals look good with a PSR of o.92,
>> PE of 19.22,
>> >Debt/Equity of 0.66, market cap of almost $46M, 32%
>> insider ownership, and
>> >revenue growth of 13.5% and earnings growth of 73.7% last
>> year. I'll open
>> >a position Tuesday with a stop at 5 3/4.
>> > I'll attach RUT, SPX, GTIS, and NTSC charts in GIF
>> format for everyone
>> >on the email list. If you are not on the list, and want
>> on, just yell.
>> >
>> >Jim
>> >
>> >
>> >
>> >
>> >
>
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