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Guy,
Delray ain't what it used to be.
Steve Karnish
CCT
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> From: Guy Tann <grtann@xxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: Weekly Pick (long)
> Date: Saturday, August 22, 1998 12:29 PM
>
> 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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