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Dick
Well, wouldn't you know it. Microsoft Office Professional wiped out my
registry and I had to reinstall Windows, etc., etc. Therefore, when I got
the Sell signal for Wed night, I was out of the loop. Looks like a great
sell, so far.
There is still the possibility that we will be provided another sell point,
but what are the odds. I was out of action, and my brothers new P400 was
screwed up when his wife, the real estate lady (who makes a ton, BTW) sent a
tech home to install some real estate package on it. Wiped him out too.
We'll have to be real careful not to make modifications to software the same
week.
Regards
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Dick Simmons
> Sent: Tuesday, August 18, 1998 8:22 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Death of the Bull?
>
>
> Hi Guy,
>
> You might have an entry point for your shorts here.
> S&P back to almost 90 points from the top, 3 waves up, maybe a
> lower double
> top and there is a strong cycle coming in tomorrow which could
> turn it down.
>
> Regards,
> Dick.
> -----Original Message-----
> From: Guy Tann <grtann@xxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Monday, 17 August 1998 6:35
> Subject: RE: Death of the Bull?
>
>
> >Al
> >
> >In looking at your post, and starting my trendline from 10-31-97,
> connecting
> >it to the bottom of 1-30-98, then we have broken through the
> trendline this
> >month. Actually, with a chart with an increasing slope, we have had
> several
> >short term trendlines, IMHO.
> >
> >Look at the first one beginning at 12-30-94 and extending to 7-31-96. A
> >second one beginning at 7-31-96 and continuing to 10-31-97. Finally, a
> >third one beginning 10-31-97 and connecting through 1-30-98. It appears
> >that we have significantly broken through this last trendline,
> if we extend
> >it to the right. By my chart, the next resistance and the next
> support is
> >around 1000, or another 60 points down.
> >
> >My dad's preliminary estimate for this drop, and these are just rough
> >guesstimates, was 21-22% which would take us back to the top of the
> parallel
> >channel for trendline #1 above.
> >
> >I guess, we feel there is the possibility that we could continue for
> another
> >60 point drop and if that doesn't hold, then a further decline to the
> >930-940 level. Now, chart wise, this doesn't make a lot of sense, but
> these
> >would be the calculations based upon another methodology we use.
> Actually,
> >I was hoping for a run up of from 50 to maybe 100 points before
> we dropped
> >to our 1000 support level, giving me an opportunity to get some better
> >positions to play with. I would feel better if we had a 50 point run up
> >before we dropped further, otherwise we run the potential of a
> major spike
> >down like 1987 and going through the bear market in about a week's time.
> >
> >Regards
> >
> >Guy
> >
> >
> >-----Original Message-----
> >From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]
> >On Behalf Of Al Taglavore
>
> >Sent: Saturday, August 15, 1998 1:24 PM
> >To: MetaStock List Group
> >Subject: Death of the Bull?
> >
> >In my attempts to develop a methodology for trading the S&P and
> as a result
> >of looking at different time frames, I offer these observations:
> >
> >If anyone will look at the S&P on a monthly MS chart from Jan
> of 1994, one
> >will see a fabulous chart that almost looks like a stairstep.
> >
> >Since the end of Jan 98 to July 98 there has only been one month that the
> >S&P traded below the previous months low, and that was only by
> 2.31 points
> >
> >This is the first month that we have traded significantly below the
> >previous month.
> >
> >If a trendline is drawn from the Oct 97 low, we have YET to touch that
> >line. It is a sign of strength for a trendline to be touched
> and therefore
> >tested, and we have yet to touch the line.
> >
> >To all that study channels, I ask, are we not now approaching
> the bottom of
> >a short term {based on monthly data} channel?
> >
> >Unless 896.75 on a closing basis is violated, are we not in a bull market
> >still?
> >
> >If we do not listen to T V and read newspapers, but trade off of charts,
> >could we find a more profitable chart pattern?
> >
> >To all chartist, please give an evaluation.
> >
> >Al Taglavore
> >
> >
>
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