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<DIV><FONT color=#000000 size=2>Yes, put me on your list at
Pete.B@xxxxxxxxxxx</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Jim Greening <<A
href="mailto:JimGinVA@xxxxxxxxxxxxx";>JimGinVA@xxxxxxxxxxxxx</A>><BR><B>To:
</B>Metastock <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, September 12, 1998 1:56 PM<BR><B>Subject: </B>Weekly
Pick<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>All,</FONT></DIV>
<DIV><FONT color=#000000 size=2> The market did move
up yesterday and I did open my DELL position at 56 3/8. So far so
good, now if it will just follow through <G>. I took a long look
at the indices last night and they are acting right for my theory. To
expand it a little, I believe the DJIA is trying to set up a volatile
sideways or horizontal channel trading range between 7500 and 8000.
The DJIA is not near the bottom of any of my trend channels but both the OEX
and SPX are bouncing off the bottom of long term channels. There is ,
however, some support for the DJIA near 7500 from the Jan lows and
resistance above 8000 from last falls highs. Looking at the daily
action, the DJIA has tested the 7500 level three times in the last two weeks
so it does look like a bottoming action. With the volatility we have
seen, I fully expect another test of the 8000 level soon. However,
this is still a somewhat tenuous theory and a long way from reality. I
will commit to positions to play the theory, but want to do so more
cautiously then usual with very close stops. That means any stock I
pick must be close to the bottom of the channel since I set my stops under
the channel and preferable has just bounced up a little. Also I'm only
going to play the large market leaders in groups I'm interested in.
</FONT></DIV>
<DIV><FONT color=#000000 size=2> Even with the large
DELL position and my normal size RDC position, I'm still over 50% cash and
want at least one more position to play the bounce I'm hoping for. I
think the brokers and financial service groups have been over punished and
over sold lately so that's the group for this weeks pick. I narrowed
my list to Schwab and Travelers Group (TRV) and decided on TRV since it is
so over sold and since Sandy Weill always bounces back. I only wish I
had ridden his coat tails more in the past <G>. TRV is going to
be the true financial services giant when the merger with Citicorp is
completed.</FONT></DIV>
<DIV><FONT color=#000000 size=2> TRV at 40 7/8 broke
out of a Short Term Down Trend Channel Friday on good volume. It's
also in a Long Term Up Trend Channel (LTUTC) with the top at 80 3/8 and the
bottom at 38. It peaked at 73 3/8 on 4/6/98 and then went into a four
month CANSLIM cup type formation but failed to breakout in Jul and then went
into a tail spin to a low of 36.4375 Friday morning before the good up
move. Looking at the chart, the last week shows a typical Equivolume
reversal pattern with TRV bouncing off the bottom of the LTUTC twice on high
volume. It closed at the lows on the first bounce, but closed at the
highs yesterday. The Support/Resistance and CMO indicators look like
the beginning of a reversal pattern. The fundamentals are better than
ever with the PE at 12.1, price/sales at 1.1, return on equity at 17.5%, 5
yr. revenue growth rate at 49% and 5 yr. earnings growth rate at 19%.
TRV just kept growing while the stock price dropped. That's why I
think it's so over sold and such a bargain right here. I'll take a
long position at Monday's open, set my target just under the top of the
LTUTC at 80 and my mental stop just under it at 37 3/4. I'd like to
hang on to this one as a long term core position if it will let me so I'll
wait until a good short term up trend channel forms before moving my stop up
to it. </FONT></DIV>
<DIV><FONT color=#000000 size=2> I'm sending a
TRV.GIF chart to everyone on my email chart list. If you're not on the
list, and want on, just yell.</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 ???@??? Sun Sep 13 08:54:18 1998
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From: "Sean W. Smith" <sean_smith@xxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: QP2 - One More Time
Date: Sun, 13 Sep 1998 10:25:27 -0400
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> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Don Hughes
> Sent: Saturday, September 12, 1998 6:18 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: QP2 - One More Time
>
>
> Metastock QP'ers:
>
> I need your help one more time. I created my QP Profile from my
> Metastock Data File, restarted my computer (as asked),
What did you do in this step??? I was unaware that you could use existing
MS data to create a virutal profile. I would guess your problem lies
somewhere in these steps.
went into
> Metastock, pointed to the Profile and requested a stock to chart,
> it told me that the data was out of sequence. I went into the
> downloader, and brought up the data in spreadsheet format and it
> was garbage. Fields were not in the proper sequence, it looked
> like an extra field had been added that wasn't expected, the
> fields were skewed on a diagonal line (looking from one line of
> data to another. What have I done wrong? Thank You
>
> Don Hughes
>
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