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<DIV><SPAN class=240585903-06101998><FONT color=#0000ff face=Arial
size=2>Ton</FONT></SPAN></DIV>
<DIV><SPAN class=240585903-06101998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=240585903-06101998><FONT color=#0000ff face=Arial size=2>Thanks
for the chart. Little hard to read, but it sure looks like it's on the way
down..</FONT></SPAN></DIV>
<DIV><SPAN class=240585903-06101998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=240585903-06101998><FONT color=#0000ff face=Arial
size=2>Guy</FONT></SPAN></DIV>
<DIV><SPAN class=240585903-06101998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </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> A.J. Maas<BR><B>Sent:</B> Sunday, October 04, 1998 2:54
PM<BR><B>To:</B> metastock@xxxxxxxxxxxxx<BR><B>Cc:</B> rijt, wil v.d.; Rene
Dennesen; Onno Goedknegt; m.jonker@xxxxxxxxxx; LuudMaas2; KLPD, Jan; Jan
Diederik Haas de; derksenf; Jan van Diessen<BR><B>Subject:</B> Re:
Interesting Charts<BR><BR></FONT></DIV>
<DIV><FONT color=#000000 size=2>Steve, Guy, Jim e all,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>>With regards to the
market, could it be that the DOW is currently <BR>>completing a head and
shoulder pattern with the current sideways<BR>>movement between 8200-7400
being the right shoulder? If so,</FONT></DIV>
<DIV><FONT size=2>>neckline is at 7400 and if we break that, target level
would be</FONT></DIV>
<DIV><FONT size=2>>around 7400-(9400-7400) = 5400.</FONT></DIV>
<DIV><FONT size=2>>5500 is also where some kind of significant support is
located.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>See attached GIF(DJ981005.gif)</FONT>
<BR></DIV>
<DIV><FONT color=#000000 size=2>Have you tried, now, after it has been well
downbroken, to recreate the former and<BR>the next, but lower placed
channel,i.e. Multiple Trend Channels ?</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>To create:</FONT> </DIV>
<DIV><FONT color=#000000 size=2>Rising Trend Support line(s) can be drawn
from ruler-connecting the former major LOWs:<BR> 777 -1st RTSL
acceleration starting point in Aug82<BR>2350 -2nd RTSL acceleration starting
point in Oct90<BR>3600 -3td RTSL acceleration starting point in
Nov94<BR>5200 -4th RTSL acceleration starting point in Jul96() </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>By duplicating the last RTSL, using the
MS-"create paralel line" tool, and placing<BR>this line on the
last HIGHs, in this the 2x highs in Aug97(8300) and Jul98(9368),<BR>you have
the in time rising MAJOR support and resistance by trendchannel.<BR>Since
the Price down breach and clear fall out of the trend channel, a new and
exact<BR>parallel channel can be drawn and placed below the old channel,
applying the same<BR>width of the excisting OLD channel.<BR>In this, where I
used to calculate the width and then drawing/copying the line, have
found</FONT></DIV>
<DIV><FONT color=#000000 size=2>that it is very well to be created, and a
lot better and easier easier, by using the MS<BR>build-in Andrews' Pitchfork
tool.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Since I have done all this, found that the
3td and 4th RTSL's are much alike and as such<BR>have used the 3td RTSL
acc-point as main MT-UTC starting point. This as Nov94(3600) is<BR>also the
major LOW prior to the outbreak of todays' currently valid
InterMediateTerm-UpTrend</FONT></DIV>
<DIV><FONT color=#000000 size=2>Channel(IMT-UTC).<BR>The Andrews' Pitchfork
automatically draws the CORRECT 2nd, new and stapled parallel</FONT></DIV>
<DIV><FONT color=#000000 size=2>rising channel now(most important, with
exact measurements in width).<BR>Much like as how I usualy draw a new
support line by recreating a new, parallel<BR>channels' ST-rising support
line(from copying the line placed on top of the current<BR>valid 2 MAJOR
HIGHs and then parallel move to previous MAJOR LOW).<BR>The above also valid
method is used as you are looking for the IMT and not the ST Trend<BR>and in
that, at the most right-hand-side in the chart, they only differ 100
points.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>So now we have the new future to be expected
MAJOR Rising Support by Trend Line.<BR>Currently 981005 this value is at
6520 and in time ofcourse, this will be rising to new higher
levels.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>From TUBING the fromer horizontal TRADE
ZONES, wich are non-rising trend channels,<BR>also confirms that these Zones
are 600 in width. Stapled then gives the next down at<BR>6400-7000, with
current 7600-8200 and former at 8800-9400.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>With this example being practice as well,
hope to have clearified that it is now, tho<BR>your assumingly H+Ss Reversal
Pattern looks like it is being formed, too premature to<BR>consider it to be
a valid pattern. It is not certain yet that 7400 would be the neckline<BR>as
Oct97(6975) or even Apr97(6357) LOWs are to be considered for future
patterns low.<BR>Also it has taken 6 months for the asumed Left S to be
developed(Jul97-Feb98), and<BR>transfering this period to this late
Aug98(=first attemp), leaves Feb99-next year, to<BR>eventualy clearify on
the matter(s).<BR><BR>Now I will start assuming by having the new Bullish
Reversal H+Ss currently under<BR>construction with S at 7400, H at 6800, S
at etc. etc. if my previous mails targets are being<BR>met(from the above:
6400 could be the H as well then). From "old resistance
becomes<BR>support" 7000(give or take 200) is next support, thus a
valid H+Ss in creation.<BR>Currently and then confirmed, an Irregular
Bearish H+Ss Pattern is also developing<BR>with, when valid, an estimated
Target 4033 ((6700-2667), as the Hight=2667<BR>(9367-6700 neckline fallout,
on the Dutch AEX-index we currently have fully finished off</FONT></DIV>
<DIV><FONT color=#000000 size=2>such a pattern). <BR>Tho, considering the
above are yet to be developed, this too would be at the present,<BR>all in
all be too many premature assumptions.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Current Valid
"Statistics":<BR>7532 = Bearish Reversal H+Ss Target</FONT></DIV>
<DIV><FONT color=#000000 size=2>7298 = Diamond fallout Target</FONT></DIV>
<DIV><FONT color=#000000 size=2>7121 = IMT Rising Wedge fallout
Target</FONT></DIV>
<DIV><FONT color=#000000 size=2>6837 = Current Rising Flag-2 in Downtrend
fallout Target</FONT></DIV>
<DIV><FONT color=#000000 size=2>6520 = Rising Double Channel Support Line(in
time, does not neccesaraly have to be hit rightaway)</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Note that the above mentioned patterns currently do apply
on lots of other Indexes as well, also</FONT></DIV>
<DIV><FONT size=2>elsewhere on this globe.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Thanks for the Candlesticks-info and cannot agree more on
the fundamental alinea contents.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 size=2>Reg. Ton</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT face=Arial
size=2><B></B></FONT> </DIV>
<DIV><FONT face=Arial size=2><B></B></FONT> </DIV>
<DIV><FONT face=Arial size=2><B>-----Oorspronkelijk
bericht-----</B><BR><B>Van: </B>Steve Gochuico <<A
href="mailto:stevego@xxxxxxxxxxxxxxx";>stevego@xxxxxxxxxxxxxxx</A>><BR><B>Aan:
</B>metastock@xxxxxxxxxxxxx
<<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Datum:
</B>zondag 4 oktober 1998 3:38<BR><B>Onderwerp: </B>Re: Interesting
Charts<BR><BR></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px"></FONT>Ton,<BR><BR>Based
on the H and S pattern, I calculated that LU has a target<BR>price of
$36.00 also but I am a bit skeptical, that's why I was<BR>hesitant to
put a price target. <BR><BR>>Do candlesticks have a way to
measure/set targets?<BR><BR>Candlesticks don't seem to have a way to set
targets. It's strength<BR>lies in pattern recognition or pattern
warnings such as morning<BR>star reversals, evening star reversals,
hammer, spinning tops, etc.<BR>The beauty of candlesticks comes out when
it is used in conjunction<BR>with western charting analysis techniques.
A hammer forming on a <BR>support line or on a 50 day EMA has more
significance than one forming<BR>somewhere else.<BR><BR>With regards to
the market, could it be that the DOW is currently <BR>completing a head
and shoulder pattern with the current sideways<BR>movement between
8200-7400 being the right shoulder? Chart attached<BR>below. If so,
neckline is at 7400 and if we break that, target level<BR>would be
around 7400-(9400-7400) = 5400. Interestingly, an article<BR>from
Fortune Magazine dated Sept. 28, '98 said that if the market<BR>would
return to it's historical median P/E, it would have to fall to<BR>around
5500. 5500 is also where some kind of significant support is<BR>located.
Anyway, just some food for thought, this analysis could <BR>be wrong.
<BR><BR>Fundamentally, this market needs a correction, it is just way
too<BR>overvalued. The first two quarters has seen companies'
average<BR>earnings growth around 4% annualized with stocks P/E in the
<BR>stratosphere area, example would be Coke(40 P/E) and Gillette(30
P/E).<BR>There's just no compelling reason for the market to go up some
more.<BR>Read that from Fortune. They could be wrong
also.<BR><BR>Anyway, happy weekend to all.<BR><BR>Regards,<BR><BR>Steve
Gochuico<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Date: Mon, 05 Oct 1998 21:50:01 -0700
From: L Petersen <lpetersen1@xxxxxxxx>
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[Image] [Image]
KD
Netscape 4.5b-2 works well on graphics for me.
Larry
krzysdeb wrote:
> I'd like to ask more experienced list members, how
> can I encode messages like this:
>
> - ------=_NextPart_000_01BDEF83.4A0D9400
> Content-Type: application/octet-stream; name="104spz.gif"
> Content-Transfer-Encoding: base64
> Content-Description: 104spz (GIF Image)
> Content-Disposition: attachment; filename="104spz.gif"
>
>
> R0lGODdh9gKqAYQAAMDAwP///4CAgAAAAAAA/2Bg339//5+f/7+///8AAL+/v39/f5+fn3h4eJCQ
>
>
> kGBgYN/f3wAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACwAAAAA
>
>
> 9gKqAQAF/uAgjmRpnmiqrmzrvnAsz3Rt33iu73zv/8CgcEgsGl2AAGAAaDqf0Kh0Sq1ar9isdsvt
>
>
> er/gsHhMLpvP6LR6zW673/B4VskU2O/4vH7P7/v/gIGCg4SFhoeIiYqLjI2Oj5CRkpOUlZaXmJma
>
>
> f010AJugoaKjpKWmp6ipqqusrZQBsLGysAN2s7cBtQKdS5+uv8DBwsPExcbHyMl7ARDNzs8CuszP
>
>
> 1NF2vHUteFF3Unvc107b4t9Q4VPdT3rm5U3j7uN56sr09fb3+Pn6isx8n9IQzvn6F85TNCu6dvkK
> ...
>
> Thank you for any adv.
>
> Regards,
>
> KD
>
> krzysde@xxxxxxxxxxxxxx
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<IMG SRC="cid:part1.3619A178.8D7D1845@xxxxxxxx"; BORDER=0 HEIGHT=50 WIDTH=50> <IMG SRC="cid:part1.3619A178.8D7D1845@xxxxxxxx"; BORDER=0 HEIGHT=50 WIDTH=50>
<BR>
<P>KD
<BR>Netscape 4.5b-2 works well on graphics for me.
<BR>Larry
<BR>
<P>krzysdeb wrote:
<BLOCKQUOTE TYPE=CITE>I'd like to ask more experienced list members, how
<BR>can I encode messages like this:
<P> - ------=_NextPart_000_01BDEF83.4A0D9400
<BR> Content-Type: application/octet-stream; name="104spz.gif"
<BR> Content-Transfer-Encoding: base64
<BR> Content-Description: 104spz (GIF Image)
<BR> Content-Disposition: attachment; filename="104spz.gif"
<BR>
<P>R0lGODdh9gKqAYQAAMDAwP///4CAgAAAAAAA/2Bg339//5+f/7+///8AAL+/v39/f5+fn3h4eJCQ
<BR>
<P>kGBgYN/f3wAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACwAAAAA
<BR>
<P>9gKqAQAF/uAgjmRpnmiqrmzrvnAsz3Rt33iu73zv/8CgcEgsGl2AAGAAaDqf0Kh0Sq1ar9isdsvt
<BR>
<P>er/gsHhMLpvP6LR6zW673/B4VskU2O/4vH7P7/v/gIGCg4SFhoeIiYqLjI2Oj5CRkpOUlZaXmJma
<BR>
<P>f010AJugoaKjpKWmp6ipqqusrZQBsLGysAN2s7cBtQKdS5+uv8DBwsPExcbHyMl7ARDNzs8CuszP
<BR>
<P>1NF2vHUteFF3Unvc107b4t9Q4VPdT3rm5U3j7uN56sr09fb3+Pn6isx8n9IQzvn6F85TNCu6dvkK
<BR>...
<P>Thank you for any adv.
<P>Regards,
<P>KD
<P>krzysde@xxxxxxxxxxxxxx</BLOCKQUOTE>
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