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I agree with the requirement to understand the "whys". None of us have the
time to give full explanations and they should be expected. The full
explanations and whys can come from reading the source or conducting your
own studies.
The lurker should never act on a system until he has a full understanding of
it. Someone often puts on a system for a 3-10 day move and the lurker tries
to apply it to an expected 6 week trade. Then says it doesn't work, it
trades too often. In this time of people day-trading stocks, you never know
how they expect to use it.
Stay independent do your own review and study.
Richard Estes
-----Original Message-----
From: Neal Hughes <neal@xxxxxxxxxxxxx>
To: Metastock List <MetastockList@xxxxxxxxx>
Cc: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, July 29, 1998 11:41 PM
Subject: RE: Metastock & DiNapoli Levels
>
>Hello Bill,
>
>Several Metastock users have asked for the formulas,
>and I'd be glad to help in the same way as I've
>been helped by Metastock users over the years.
>
>I've talked to Joe DiNapoli about posting them
>to the list, because they are his concepts and
>are published on his proprietary web pages. For
>me to distribute them without his approval
>would be a breach of trust. This email is a result
>of my discussions with him.
>
>Posting the formulas on the Metastock list would
>do a disservice to list members. This is because
>the formulas are not useful, and are dangerous without
>the theory on how to apply them.
>
>The formulas are used for determining high-probability
>trades, their entry points, profit objectives, and stop-loss
>levels.
>
>But the formulas cannot be followed blindly. It
>is not a mechanical system. One of the DiNapoli
>techniques is to fade the signals of one
>of the formulas under specific conditions. This is
>because that formula is used to determine
>when traders are taking a popular indicator (Stochastic)
>signal against the highly probable market direction.
>
>In summary, the formulas are not useful, and are even
>dangerous without the knowledge of how to use them.
>Readers should visit DiNapoli's website for how to
>learn to use the formulas (the formulas are available
>free to DiNapoli clients).
>
>I wish it could be as easy as posting a magical formula!
>Unfortunately trading is not like that.
>
>Best wishes,
>-Neal.
>
>At 12:15 PM 7/20/98 -0600, you wrote:
>>Neal,
>>
>>Would you mind sending me a copy of those formulas? I don't have
>>access to Mr. DiNapoli's private area. Mailto:support@xxxxxxxxx.
>>
>>Thanks.
>>
>>Bill Forman
>>Customer Support Manager
>>Equis International
>>A Reuters Company
>>
>>> -----Original Message-----
>>> From: Neal Hughes [SMTP:neal@xxxxxxxxxxxxx]
>>> Sent: Monday, July 20, 1998 12:11 PM
>>> To: metastock@xxxxxxxxxxxxx
>>> Subject: Re: Metastock & DiNapoli Levels
>>>
>>>
>>> At 11:06 PM 7/19/98 -0500, you wrote:
>>> >Hi all,
>>> >
>>> >For anyone who has read the DiNapoli book, can Metastock handle his
>>> fib
>>> >retracement strategies, or will I need to purchase his software? I
>>> >haven't read the book yet, but I am considering purchasing it.
>>> Thanks
>>> >for any help.
>>> >
>>> >Chip Franklin
>>> >chipfranklin@xxxxxxx
>>> >
>>>
>>>
>>> Hi Chip, I'm one of the "experts" on Joe
>>> DiNapoli's client proprietary web pages.
>>>
>>> I also use Metastock, and posted the
>>> Metastock formulas for his studies on those
>>> web pages. You do not have to buy the
>>> Coast Investment Software Trading
>>> Package, but that package does have the Oscillator
>>> Predictor, which cannot be programmed into
>>> Metastock (you can do without it though).
>>>
>>> -Neal.
>>> ---
>>> DiNapoli Fibonacci techniques -
>>> http://www.fibtrader.com
>>>
>>>
>>
>---
>DiNapoli Fibonacci techniques -
>http://www.fibtrader.com
>
>
>
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