RE: Times are a changing? Increasing volatility

["Guy Tann" <grtann@xxxxxxxxxxx>]

Chris

We also have a visitor.  Our nephew is staying with us for the Summer and
working for another nephew in the entertainment biz.  That business is
booming.

In the US, we're fortunate that the Asian crisis hasn't trickled down this
far yet, however with the impact throughout the rest of the world, we'll
only be a year or so behind.

I just knew it was too good to be true.  Oh well, we'll keep trading until
the end :).  I would prefer a volatile market, with broad swings up and
down.  Just like the current one.  Gotta love it.  If we ever hit a bottom
and the type of trading we have now ceases to exist, then I'm going to have
to break out our systems from the 60's.  We had some dynamite ones back then
that used to run 90%+ correct then the type of markets and volatility
changed.  Used to make a bunch of money in Soybeans and its derivatives,
meats and the metals.

Regards


-----Original Message-----
From:	owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]
On Behalf Of Chris Henderson
Sent:	Monday, June 22, 1998 3:17 AM
To:	Metastock List
Cc:	Guy Tann
Subject:	Re: Times are a changing?  Increasing volatility

Guy

Thanks for the warning about the Zig Zag indicator - I did read the
Metastock manual about  20-20 hindsight, so I'm only using it to 'filter'
market trends and not for a trading system.  Which it seems very good at.

As far as your sense of impending doom goes, I think you're right.  There is
a feeling that everything could fall apart.  Here in Australia we are closer
to the Asian debacle so it is impinging on our economy and our lives in some
very obvious ways.  No beef exports, concrete exports nearly nil, reduced
natural gas exports and so on.  We have a young 26 year old staying with us
who came out from Germany to a job and arrived to find no job - because of
Asia.

Many of our market indices are down, and some have been heading south  for
12 months.  They say no-one rings a bell at the top of the market, but I
reckon there are a few tinkles in the air now.  Its hard to imagine the
booming economy you seem to be living in, and with all the enthusiasm around
you it must be difficult to believe it can all stop.  But from here it seems
entirely possible!

I would enjoy your opportunity to dislike prosperity!

Chris