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Steve
I never hear that, but knowing Orville's repurtation, I wouldn't put it past
him. He must be spinning in his grave now, what with Camp Dearborn
desegrated and all of the arabs and other minorities living in Dearborn <G>.
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Steve Karnish
> Sent: Saturday, August 22, 1998 10:24 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Weekly Pick (long)
>
>
> Guy,
> The horrible addition to your story is that Hubbard played:
> "Bye, bye Blackbird"
> from the city hall speakers as they passed by the building.
> Steve Karnish
> CCT
>
> ----------
> > From: Guy Tann <grtann@xxxxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: RE: Weekly Pick (long)
> > Date: Friday, August 21, 1998 10:21 PM
> >
> > Steve
> >
> > I remember Camp Dearborn and the then very popular,
> politically incorrect,
> > Mayor Hubbard. When the Freedom Riders left Detroit for the
> trip South they
> > had to pass through Dearborn. When asked what he thought
> about that, Mayor
> > Hubbard replied that he had no problem as long as they didn't
> stop or
> > litter. Wonder what people would think about that remark
> today?
> >
> > Geoffrey isn't Dr. Kervorkian's lawyer, is he???
> >
> > Regards
> >
> > Guy
> >
> >
> >
> >
> > > -----Original Message-----
> > > From: owner-metastock@xxxxxxxxxxxxx
> > > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Steve
> Karnish
> > > Sent: Friday, August 21, 1998 9:36 PM
> > > To: metastock@xxxxxxxxxxxxx
> > > Subject: Re: Weekly Pick (long)
> > >
> > >
> > > Guy,
> > > Very cute candlestick "hammer" today and you gotta love
> those
> > > fibonacci arcs and retracements. Was he really an 11th
> century
> > > Italian mathematician? I know Dino Fibonacci, from Dearborn,
> > > he's the guy who dated Madonna before Dennis Rodman. Also,
> did
> > > the "Motor City five finger discount" and swiped some stuff
> off
> > > an internet site (see attachment: MARKET CRASHES). My
> lawyer,
> > > Geoffrey Fieger, says: "If it's on the internet....it's
> public
> > > domain". Glad your're back up.
> > >
> > > Steve Karnish
> > > CCT
> > >
> > > ----------
> > > > From: Guy Tann <grtann@xxxxxxxxxxx>
> > > > To: metastock@xxxxxxxxxxxxx
> > > > Subject: RE: Weekly Pick (long)
> > > > Date: Friday, August 21, 1998 5:44 PM
> > > >
> > > > Steve
> > > >
> > > > Been off line for about 4 days with a down computer, but
> > > here's a note from
> > > > my dad from 8/18:
> > > >
> > > >
> > > > <<Checking my figures the dow recoverd 39% and the SPI 32%
> > > which is normal
> > > > could even recover some more.>>
> > > >
> > > > Like you thoughts about the market genius and their 'buy
> and
> > > hold' and 'buy
> > > > on pull backs' scenerios. Our thoughts are that the
> NASDAQ
> > > will drop 50%
> > > > BEFORE they realize they're in a bear market.
> > > >
> > > > We had a sell signal for Wednesday at the close, but our
> > > contrary indicator
> > > > was too high to execute (said the market action was a
> little
> > > too strong that
> > > > day to short at the close). Leads me to believe that
> we're
> > > still going to
> > > > see some choppiness in the market, before it really drops.
> > > >
> > > > Regards
> > > >
> > > > Guy
> > > >
> > > > > -----Original Message-----
> > > > > From: owner-metastock@xxxxxxxxxxxxx
> > > > > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Steve
> > > Karnish
> > > > > Sent: Friday, August 21, 1998 6:48 AM
> > > > > To: metastock@xxxxxxxxxxxxx
> > > > > Subject: Re: Weekly Pick (long)
> > > > >
> > > > >
> > > > > Dan,
> > > > > I know we have discussed this on the phone, but I
> thought I
> > > > > might share this with the group. The following approach
> has
> > > > > returned steady profits (10%+/month) during the last 18
> > > months.
> > > > >
> > > > >
> > > > > A. Analyze the indices and discern market direction by
> > > applying
> > > > > the tools that you are most comfortable with and have
> been
> > > the
> > > > > most reliable.
> > > > > B. Screen for: "most volatile" issues.
> > > > > C. Initiate positions in issues that have topping or
> > > bottoming
> > > > > patterns that imitate the indices.
> > > > >
> > > > > The degree of success will be predicated on one's
> ability to
> > > > > apply the proper tools to the indices and issues. Sound
> > > simple?
> > > > > Yes. Will people take issue with this approach?
> Probably.
> > > > >
> > > > > I attended a dinner party last night at, Washington
> State
> > > > > University, and a professor argued with me about how
> > > "yuppie"
> > > > > 401k money would fuel the market to "infinity". This
> same
> > > > > individual received the following email from me on 7/21
> > > > > (reprinted in part):
> > > > >
> > > > > "We've finally approached an area that has me concerned
> in
> > > the
> > > > > Dow. All my technical work is pointing to the downside
> > > since
> > > > > Friday and I knew it would take a few days to set up.
> That
> > > > > brings us to yesterday, today, tomorrow...or very, very
> > > soon.
> > > > > Look out below. A correction would do this market
> good."
> > > > >
> > > > > This prof would rather argue and defend his positions,
> than
> > > > > analyze and be flexible (he's one of these recent
> "market
> > > > > geniuses", created in the last 8 years, with the buy and
> > > hold
> > > > > strategy). It's tough to argue with someone who's used
> to
> > > > > making 30% for the last couple years. My, how quickly
> the
> > > > > market regurgitates 10% "chunks". We're going down
> hard in
> > > > > September. After this "consolidation", which started on
> 8/5,
> > > is
> > > > > completed, look for topping action in the indices and
> > > > > immediately start screen for securities with the largest
> > > > > volatility. If they also have technical topping
> > > patterns...sell
> > > > > short. You ain't seen nothing yet.
> > > > >
> > > > > Steve Karnish
> > > > > CCT
> > > > >
> > > > > ----------
> > > > > > From: HARELSDB@xxxxxxx
> > > > > > To: metastock@xxxxxxxxxxxxx
> > > > > > Subject: Re: Weekly Pick (long)
> > > > > > Date: Thursday, August 20, 1998 11:47 PM
> > > > > >
> > > > > > In a message dated 98-08-20 03:44:11 EDT, you write:
> > > > > >
> > > > > > << Pretty hard to support your contention, Dan --
> most
> > > hedge
> > > > > funds recognize
> > > > > > and capitalize on some stocks going up while
> others go
> > > > > down to achieve
> > > > > > their superior performance.
> > > > > > Livermore (Lefever) and crew faced simpler
> opponents in
> > > > > simpler times.
> > > > > >
> > > > > >
> > > > > > JMHO Bob >>
> > > > > >
> > > > > > I have given this a little more thought and I believe
> I
> > > have
> > > > > come up with a
> > > > > > probablistic argument that I think is difficult to
> refute.
> > > > > >
> > > > > > 1. A positive beta means that a stock moves in the
> same
> > > > > direction as the
> > > > > > market.
> > > > > > 2. Most stocks have positive betas. (I found 588
> stocks
> > > in a
> > > > > database of
> > > > > > 11,000 that have betas less than or equal to zero.)
> > > > > >
> > > > > > Conclusion: A trader that takes a position in a stock
> in
> > > the
> > > > > same direction
> > > > > > as the market is moving has a higher probability of
> > > success
> > > > > because most
> > > > > > stocks move in the same direction as the market.
> > > > > >
> > > > > > Please post if you see a flaw in my thinking.
> > > > > >
> > > > > > Dan
> > > > > > Pocatello, ID, USA
> > > > >
>
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