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At 02:36 AM 7/30/98 -0500, you wrote:
>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.
>
Thanks Richard,
There is nothing within the formulas which would give a clue as to
their application. There is a possibility a trader could find their own
unique application for the formulas, but this is unlikely. Without
the theory, testers would conclude that the formulas are no better
than a MACD or a Stochastic.
-Neal.
>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
>>
>>
>>
>
>
---
DiNapoli Fibonacci techniques -
http://www.fibtrader.com
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