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L. Peterson,
Many of us are on other list and many of us will move to a new
list. I'm a big 1st amendment kinda guy, but I don't quite
understand your logic. The "new" list can talk about cowboys
and sheep, as far as I'm concerned...as long as they're not
Republican sheep and Democratic cowboys. Get my drift, pardner?
Everything that happens, every moment of everyday, gets
reflected in the price. So many events ... so little time to
discuss them all. This list was designed to facilitate our use
of the MetaStock software. Please, tell me how this political
discussion has helped you trade. Why discuss the fundamentals?
I'm not saying that a lot of people don't really derive a lot
of satisfaction from expressing their opinions about the current
US political situation...but is this the correct forum?
Why don't we spend a week or so discussing Mad Cow disease and
it's affect on the live cattle market? Hey, how about Alan
Greenspan's sex life (he seems to have more influence on market
movement than anyone)? "Funkymental" things happen everyday and
influence every market. The big problem is that, many times,
they have very little predictive content. Hang around the
commodity pits the morning before a large USDA report and
everyone will predict what the report is going to say and how
it's going to affect the market. The report comes out, (let's
say it's wildly bullish compared to predictions), and the market
goes down. The "talking heads" and the "regurge anal-ist" make
up a justification at the end of the day for why a bullish
report led to a limit down day. The market could care less.
Pontification of the fundamentals is nothing but mental
masturbation. You can have well researched opinions about the
market and you can speculate about future movement based on
those facts/opinions, but the markets go were they want to go.
Formulas allow us to quantify history and better understand how
a market has arrived at a certain point. If you are skilled in
aspects of technical analysis and practice superior money
management skills, maybe you can extract a couple of bucks from
these markets.
Gann, Elliot, Fibonacci, Murphy, Wilder, and Nison are not
Clinton and Starr. The first six made significant contributions
to the science of TA, the last two a self serving, scumbag
attorneys, who will both receive millions when they write their
subjective versions of the "facts" .
I know how to use my delete key, but I'm starting to worry about
the flat spot on my forefinger. I'd like to think that my
"threat" to post more limericks slowed the flow of the debate.
I do have another idea: How about political limericks that
teach us how to trade the market?
Finally, to make candlestick analysis more palatable to this
forum, I'm renaming the candles and will now be calling them
"cigars". Candlesticks are four centuries old and this wisdom
foretold the current political crisis. I've made a list of
actual formations. Now you tell me, how did the Japanese know
about what was going to happen? They couldn't have named these
formations without having knowledge of this scandal. Here's a
few of the names...you be the judge:
Abandoned Baby
Belt Hold
Concealing Baby Swallow
Dark Cloud Cover
Engulfing
Falling Three Methods
Hanging Man
Low Price Gapping Play
On Neck
Rising Three Methods
Shooting Star
Stick Sandwich
Thrusting
Tweezer Bottom
Upside Gap Two Crows
I promise, on my Steve Nison book, that if any of the new list
will consider me as a member, I will never mention lawyers
again...Shakespeare was right.
Steve Karnish
CC
----------
> From: L. Peterson <lpeter@xxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: ENOUGH IS ENOUGH !!
> Date: Friday, September 18, 1998 12:21 PM
>
> When I signed up for the Metastock mailing list I received a
welcome
> e-mail that included the following:
>
> "This list is for users of Equis International products. It
consists
> of a group of users from
> around the world. This group of users will help other members
utilize
> Equis products as well as
> discuss issues related to investing. Equis International does
not
> monitor this list in that we
> do not prevent messages from members of the list from being
posted to
> this list. However, any
> member using profanity , racial or ethnic slurs, or other
> inappropriate language will
> immediately be removed from the list."
>
> I applaud Equis for the minimal monitoring of this list. When
the new
> list begins, are all charts going to be banned, is discussion
of Gann
> going to be forbidden, is political discussion taboo, etc? I
> personally feel that Metastock is a charting program, but I
also know
> some are offended when they receive charts. I guess that
somebody
> has now determined that possible impeachment of the President
is not
> an "issue related to investing". Perhaps somebody can clarify
the
> relationship between politics and TA. Do you believe a
political
> event is never reflected in a chart?
>
> My vote is cast for no censorship except as Equis states
above. The
> delete button and unsubscribe are still available to those who
want
> them. And if you want to be told what you can discuss, move
to the
> new list.
>
> -----Original Message-----
> From: Onno Goedknegt <goedkneg@xxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Friday, September 18, 1998 1:40 PM
> Subject: ENOUGH IS ENOUGH !!
>
>
> >And I don't give a f*** about this kind of stupid Clinton
> discussions.
> >
> >
> >At 09:38 17-9-98 -0400, you wrote:
> >>I'm not interested, as a matter of fact I really couldn't
care less
> what the
> >>European think.
> >>
> >>
> >>-----Original Message-----
> >>From: owner-metastock@xxxxxxxxxxxxx
> >>[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Patrick
Gamble
> >>Sent: Thursday, September 17, 1998 3:13 AM
> >>To: metastock@xxxxxxxxxxxxx
> >>Subject: A European view.
> >>
> >>
> >>If you are interested in how the rest of the world sees the
Clinton
> >>situation, here is an article from the London 'Times', a
right wing
> >>newspaper
> >>in European terms.
> >>
>
>>http://www.sunday-times.co.uk/news/pages/Times/frontpage.html?1
31328
> 5
> >>
> >>The author is one of the most respected analysts in this
country.
> >>
> >>I hope you are all looking forward to seeing your President
> humiliated
> >>before
> >>the world for political gain.
> >>
> >>
> >
> >
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