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Re: stocks or commodities



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On Tue, 23 Sep 1997, cma wrote:

> Jim, here is another question along the same lines: how to convert ASCII
> file data into MSPRO data (appending the data to end of MSPRO files.)
> Could not do it with Downloader's Conversion tool. What is a PERL
> script?

That data file is in the format ticker,yymmdd,o,h,l,c,oi it would 
appear. I am not using MSPRO so don't know how the Downloader for MSPRO
requirements might differ from MS DOS or MS Win, but the same data format 
should import into those. Please post the requirements for the input file 
for MSPRO, which should be in your Downloader manual.

Perl is a programming language that is exceptionally good for processing 
text files and doing things over networks like grabbing data off web 
servers. See http://www.perl.com for info.

Cheers,

Jim<x-html>AAP,950309,35.0000,35.0000,34.2500,34.3750,23800,0
AAT,950309,12.5000,12.5000,12.2500,12.3750,16700,0
AB,950309,37.7500,37.7500,37.5000,37.5000,18700,0
ABE,950309,7.6250,7.7500,7.6250,7.7500,17000,0
ABF,950309,23.0000,23.0625,22.2500,22.2500,34500,0
ABK,950309,39.7500,39.7500,38.5000,38.5000,88000,0
ABM,950309,22.6250,22.7500,22.6250,22.6250,6900,0
ABP,950309,24.5000,24.8750,24.5000,24.8750,3000,0</x-html>From ???@??? Tue Sep 23 11:18:52 1997
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From: "Al Taglavore" <altag@xxxxxxxxxxxx>
To: "Dr C. Roffey" <roffey@xxxxxxxxxxxxxx>, <metastock-list@xxxxxxxxxxxxx>
Subject: Re: stocks or commodities
Date: Tue, 23 Sep 1997 12:49:44 -0500
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Dr. RRoffey,

I certainly take exception with you characterization of futures traders. 
We are traders, not investors.  We take advantage of the brief opening that
the market offers us.  Your post reinforces my beliefs as to why successful
stock traders lose in the futures markets: By the time a complete analysis
is done on the market, the trade is over.

I will share with all a quote by Mark Weinstein from "Market Wizards":

"....Although the cheetah is the fastest animal in the world and can catch
any animal on the plains, it will wait until it is absolutely sure it can
catch its prey.  It may hide in the bush for a week, waiting for just the
right moment.  It will wait for a baby antelope, and not just any baby
antelope, but preferably one that is also sick or lame.  Only then, when
there is no chance it can lose its prey, does it attack.  That, to me, is
the epitome of professional trading."

Dr. Roffey, I view a futures trader as an opportunist and a risk taker, not
a gambler or an addict.

Al Taglavore

----------
> From: Dr C. Roffey <roffey@xxxxxxxxxxxxxx>
> To: metastock-list@xxxxxxxxxxxxx
> Subject: stocks or commodities
> Date: Tuesday, September 23, 1997 9:09 PM
> 
> I have watched the discussion with great interest. The biggest problem
with
> com traders is their lack of patience. Because one can trade both the up
> and down trends they try to hit every one. It's a drug.
> 
> I consult to many futures operations and if the dealers do not have a
> position in the market they have withdrawal symptoms and go into
> depression.The biggest problem is convincing them to sit on the sidelines
> and wait.
> 
> The one element of stock trading that I have learned over the years is
the
> ability to wait.In all the lectures I undertake the main message is " If
it
> doesn't jump out and hit you in the eyeballs ( or the nether regions if
you
> like ) ignore it".
> 
> Have patience to wait for the right opportunity and you will make money.
> 
> My analytical method is
> 1.	ALWAYS check the relative strength data first. Why waste time
searching 
> for stocks in non performing sectors of the market?
> 2.	Only then perform your explorations. If the stock is in a performing
> sector 	then
> 3.	look at the chart for patterns, trends and divergences.
> 
> I rigidly apply this to all markets be it commodities, interest rate
> instruments or stocks.
> 
> Our new web site will be operational soon and you will see this in action
> 
> Hope this helps
> Regards
> Dr. Clive Roffey
>