|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type>
<META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><SPAN class=950032822-07091998><FONT color=#0000ff face=Arial size=3>Jim, I
hope Equis support sees your question- it is buried in your post and is most
easy to miss altogether unless one reads the post carefully.</FONT></SPAN></DIV>
<DIV> </DIV><BR>
<P><FONT size=2>Al Stephens<BR>astephen@xxxxxxxx</FONT> </P>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV class=OutlookMessageHeader><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On
Behalf Of</B> Jim Greening<BR><B>Sent:</B> Monday, September 07, 1998 2:43
PM<BR><B>To:</B> Metastock<BR><B>Subject:</B> Weekly Pick &
XCIT<BR><BR></FONT></DIV>
<DIV><FONT color=#000000 size=2>All,</FONT></DIV>
<DIV><FONT color=#000000 size=2> Jim DeWilder and I
have been exchanging messages for the last two days trying to get our XCIT
charts to agree. His trend line was right at the bottom of the data
and hadn't been broken yet. We tried to duplicate results and I even
erased my file and reloaded data from Quotes Plus 2 to make sure we were
working from the same data. I now think my attached chart is right,
which has a slightly lower trend line than my original chart.
The stock still broke the trend line and pulled back above, but hasn't
broken back through again. Since the other facts I mentioned are still
valid, I'm still going to open a put position tomorrow, but only 1/2 the
size that I originally intended. If you are thinking about shorting
the stock, you might want to consider playing safe and waiting for it to
trade below 24.</FONT></DIV>
<DIV><FONT color=#000000 size=2> We are still trying
to get our charts to agree exactly, but I wanted to get this information out
today. I did learn two things. First, you have to be extremely
careful when you are making a trend line from two or three points that
are fairly close together then extending it to the right across a long time
span. The second is more disturbing. I made my long term trend
line by zooming in on the May96 to Aug 97 data range, changing the Y scale
max to 10 and then drew the trend line through the low points and extended
it to the right. I then hit the ZOOM reset and looked at the chart as
I gradually zoomed in to the right. The disturbing fact is that each
time I zoomed in, the trend line angle seemed to shift up or down a
little. That's very disturbing if the trend line position relative to
the stock data varies depending on how much you zoom in or out.</FONT></DIV>
<DIV><FONT color=#000000 size=2> Equis Support has
anyone else complained about this. Do trend lines that the user draw
in really shift position when you zoom in and out? If so, is the
working solution to set your zoom so the beginning and ending points of the
trend line you want to act on are displayed?</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Jim</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Sep 07 18:45:12 1998
Received: from 204.246.137.2 (204.246.137.2)
by mail05.rapidsite.net (RS ver 0.3) with SMTP id 1923
for <neal@xxxxxxxxxxxxx>; Mon, 7 Sep 1998 21:09:51 -0400 (EDT)
Received: (from majordom@xxxxxxxxx)
by listserv.equis.com (8.8.7/8.8.7) id SAA00871
for metastock-outgoing; Mon, 7 Sep 1998 18:13:48 -0600
X-Authentication-Warning: listserv.equis.com: majordom set sender to owner-metastock@xxxxxxxxxxxxx using -f
Received: from freeze.metastock.com (freeze.metastock.com [204.246.137.5])
by listserv.equis.com (8.8.7/8.8.7) with ESMTP id SAA00867
for <metastock@xxxxxxxxxxxxxxxxxx>; Mon, 7 Sep 1998 18:13:43 -0600
Received: from cypher.turbonet.com (cypher.turbonet.com [204.188.48.1])
by freeze.metastock.com (8.8.5/8.8.5) with SMTP id SAA10225
for <metastock@xxxxxxxxxxxxx>; Mon, 7 Sep 1998 18:24:28 -0600 (MDT)
Received: from [204.188.49.59] by cypher.turbonet.com (NTMail 3.03.0017/1.aamz) with ESMTP id oa036076 for <metastock@xxxxxxxxxxxxx>; Mon, 7 Sep 1998 17:16:39 -0700
From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
To: "MetaStock-List" <metastock@xxxxxxxxxxxxx>
Date: Mon, 7 Sep 1998 15:53:47 -0700
X-MSMail-Priority: Normal
X-Priority: 3
X-Mailer: Microsoft Internet Mail 4.70.1162
MIME-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Transfer-Encoding: 7bit
Message-Id: <00163936143158@xxxxxxxxxxxx>
Sender: owner-metastock@xxxxxxxxxxxxx
Precedence: bulk
Reply-To: metastock@xxxxxxxxxxxxx
X-Loop-Detect: 1
Harley Meyer wrote:
"What you are looking for are the unusually long down candles
during the day. These are sell programs that are taking place
when the DJIA is up and there are these excited buyers in the
morning."
Please defend or explain.
Steve Karnish
CCT
|