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Hi Dick
On our chart (weekly SPCONT) it appears there's resistance at arond 1090 on
the upside. I still have to wait for a 'signal' to get back in.
Our system doesn't rely on breakouts, although sometimes I wished it did.
It is actually pretty good at determining tops and bottoms. Again, we
maintain about a 75% profitable trade basis S&Ps for the last 16 years.
Regards
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Dick Simmons
> Sent: Sunday, August 23, 1998 1:51 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Death of the Bull?
>
>
> Hi Guy,
>
> There is a great entry point for shorts on the S&P right below this
> consolidation. A classic method would be to put a sell order in each day
> until it is filled.
>
> Regards,
> Dick.
> -----Original Message-----
> From: Guy Tann <grtann@xxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Saturday, 22 August 1998 11:20
> Subject: RE: Death of the Bull?
>
>
> >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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