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Jim
I sent you a Greenspan comment a while ago about my not believing that he
would ever do anything in time to do the market any good <G>.
Now if we could only get those idiots in Washington to develop a laisez
faire attitude, we'd all be better off <ggg>.
My bottom support in the channel this week is about 909, FWIW. According to
my chart, we've got a pretty big channel to move around in. From 909 to
1065. I'd say there's enough room here to trade and do some damage.
What we have noticed is that with the increased volatility, we've had to
expand our visual stops. For instance, we hit our visual stop yesterday,
but since we were near the top of the channel, we moved our visual stop to
just above the trend line and decided to wait it out. Unfortunately, I was
poised to buy a bunch of OEX OTM Puts this morning, expecting EOD rally to
carry through into the AM. Gang aft aglay, (sp?) as they say.
The Globex S&P for Dec. is down another 1.50 or so. Meaningless, I know,
but today the actual market followed the Globex going into the open. The
DJIA was down approx. 212 before the open. I guess it opened up down almost
200.
I lost my old expert charts and got a method from Equis support today to try
to recapture them. Let's see what happens, as my long term trend lines
aren't on this new, temp chart.
Regards
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
> Sent: Thursday, September 17, 1998 3:25 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Finally a Signal!
>
>
> Guy,
> After today I'm impressed! How did you talk Greenspan into jaw
> boning the market for you <G>. The question now is which witch will
> we get tomorrow?
>
> Jim
> -----Original Message-----
> From: Guy Tann <grtann@xxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Wednesday, September 16, 1998 6:58 PM
> Subject: RE: Finally a Signal!
>
>
> >Jim
> >
> >What scares me is the fact that all the press is getting bearish,
> like
> >Barons, et al. What are the odds of these guys being right? Now I'm
> >starting to worry.
> >
> >Guy
> >
> >
> >> -----Original Message-----
> >> From: owner-metastock@xxxxxxxxxxxxx
> >> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
> >> Sent: Wednesday, September 16, 1998 2:36 PM
> >> To: metastock@xxxxxxxxxxxxx
> >> Subject: Re: Finally a Signal!
> >>
> >>
> >> Guy,
> >> I get 1057 for the top of the S&P Short Term Down Trend
> Channel
> >> (that's close enough <G>), but really question if it will hold
> >> considering that we are bouncing off the bottom of a much longer
> term
> >> up trend channel. I We should know soon.
> >>
> >> Jim
> >> -----Original Message-----
> >> From: Guy Tann <grtann@xxxxxxxxxxx>
> >> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> >> Date: Wednesday, September 16, 1998 12:08 AM
> >> Subject: RE: Finally a Signal!
> >>
> >>
> >> >Jim
> >> >
> >> >I was just so excited to get a signal, any signal <G>.
> >> >
> >> >Haven't downloaded my numbers yet. Trying a new service (Prophet)
> on
> >> their
> >> >31 day free trial. First day, only got about half my futures.
> Some
> >> of the
> >> >symbols changed. Went back and corrected them and then tried
> again.
> >> Still
> >> >didn't download.
> >> >
> >> >Guess I'll contact tech support.
> >> >
> >> >The top of my trendline was 1054 for the S&P. Maybe it went
> through
> >> that
> >> >number. Will check after the download.
> >> >
> >> >Guy
> >> >
> >> >
> >> >> -----Original Message-----
> >> >> From: owner-metastock@xxxxxxxxxxxxx
> >> >> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
> >> >> Sent: Tuesday, September 15, 1998 3:05 PM
> >> >> To: metastock@xxxxxxxxxxxxx
> >> >> Subject: Re: Finally a Signal!
> >> >>
> >> >>
> >> >> Guy,
> >> >> Good luck on your short. I just got through looking at the
> >> DJIA
> >> >> and don't believe it's going to turn here. It now looks to me
> like
> >> >> the congestion in the 8500-8600 range could be the top of the
> >> trading
> >> >> channel. Of course I've been wrong before and will.....<G>.
> >> >>
> >> >> Jim
> >> >> -----Original Message-----
> >> >> From: Guy Tann <grtann@xxxxxxxxxxx>
> >> >> To: Metastock <metastock@xxxxxxxxxxxxx>
> >> >> Date: Tuesday, September 15, 1998 12:26 AM
> >> >> Subject: Finally a Signal!
> >> >>
> >> >>
> >> >> >Jim, Steve, et al
> >> >> >
> >> >> >Well, we finally have a confirmation. Will be shorting either
> >> >> tonight or
> >> >> >market on the open, depending upon how I feel <G>.
> >> >> >
> >> >> >We've been out of the market so long, I probably forgot how.
> >> >> >
> >> >> >After looking at my chart, our potential high on this move up
> is
> >> 1053
> >> >> for
> >> >> >the S&P futures (still Sep in the Continuous data feed). It
> hit
> >> >> 1041.5
> >> >> >today on its high. Pretty close. Maybe we'll get a bounce on
> the
> >> >> open.
> >> >> >Anyway, we're short, or will soon be. Remember, 1 chance in 4
> of
> >> >> being
> >> >> >wrong <g>.
> >> >> >
> >> >> >Regards
> >> >> >
> >> >> >Guy
> >> >> >
> >> >>
> >> >>
> >> >>
> >> >
> >>
> >>
> >>
> >
>
>
>
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