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<DIV><FONT color=#000000 size=2>Thanks, Guy.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>As much as possible, I keep the information within the chart,
as its a shame to have to miss out</FONT></DIV>
<DIV><FONT size=2>on all the </FONT><FONT size=2>info that they, the chart and
esp. THE PRICE , are telling us.</FONT></DIV>
<DIV><FONT size=2>(had to spread the last DOW charts over 3 gifs to show whats
happening VST, ST and IMT) </FONT></DIV>
<DIV><FONT size=2></FONT><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>From previous, somewhat hazy experiences, know
that over-analysing can disrupt chart reading</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>but as such under-analysing
can be deadly, c</FONT><FONT size=2>utting down on applying techniques found in
for</FONT></DIV>
<DIV><FONT size=2>example </FONT><FONT size=2>Edwards & Magees </FONT><FONT
size=2>book </FONT><FONT size=2>on Stock Trends, could mean I (we) COULD MISS
the boat,</FONT></DIV>
<DIV><FONT size=2>as </FONT><FONT size=2>such </FONT><FONT size=2>don't want
that ever to happen(anymore!).</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT><FONT color=#000000 size=2>Anyone familiar with these
type of books can technicaly "read" the WEALTH ON PRICES
INFO.</FONT></DIV>
<DIV><FONT color=#000000 size=2>"HINTING" on </FONT><FONT
color=#000000 size=2>its position and POSSIBLE further actions and direction(s),
expressed by the same</FONT></DIV>
<DIV><FONT color=#000000 size=2>charts</FONT><FONT color=#000000 size=2>.
</FONT><FONT size=2>Later PRICE CONFIRMATIONS will well turn the charts into
TREASURES, golden nuggeds,</FONT></DIV>
<DIV><FONT size=2>lots of </FONT><FONT size=2>people would have had </FONT><FONT
size=2>wished to have had upfront, for example lately, ask the hedge
funds.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Try "FULL SCREEN" command as well, as its in the
work-menu commands in the pane above </FONT><FONT size=2>the</FONT></DIV>
<DIV><FONT size=2>chart window, or like I regularly do, do a print out and keep
them in an easy to access "Lists charts folder".</FONT></DIV>
<DIV><FONT size=2>From Chick Goslins' book on IFT for example know that he still
does all of his DAILY readings on</FONT></DIV>
<DIV><FONT size=2>physical PAPER</FONT><FONT size=2> charts too, besides that
Chick is a 30 years experienced trader.</FONT></DIV>
<DIV><FONT size=2>Before using Metastock65(60) I have PAPER read the charts as
well, have bought the program </FONT><FONT size=2>to</FONT></DIV>
<DIV><FONT size=2>substitute that and have all of my chart "notes"
center stored, wich before this computer charting started,</FONT></DIV>
<DIV><FONT size=2>were spread out on a huge variaty of received charts from
either subscribtions or doing manual calculatings.</FONT></DIV>
<DIV><FONT size=2>As such have experienced this wealth of "gains"
multiple ways, in storage, </FONT><FONT size=2>centered, fast
accessable</FONT></DIV>
<DIV><FONT size=2>and also very important, increasing </FONT><FONT size=2>my
portfolio's value by taking the right decissions, enough to</FONT></DIV>
<DIV><FONT size=2>have given me the opportunity too, to let me now be a full
time investor, pre-entering the traders markets. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Good news over here, as we are now able to "trade"
the S&P 500 using Call and Put warrants.</FONT></DIV>
<DIV><FONT size=2>Have ofcourse ordered the first part of my Put warrants, first
part I always consider to be an insurance</FONT></DIV>
<DIV><FONT size=2>premium I have to pay on being directly active on the markets,
as Europe's knees are shaking </FONT><FONT size=2>far too</FONT></DIV>
<DIV><FONT size=2>much for it to carry their previous 6 months high
"pricebars area" weight.</FONT></DIV>
<DIV><FONT size=2>From the High, there are valleys to be looked at, as steep as
they can only be found in Switserland,</FONT></DIV>
<DIV><FONT size=2>the Himalyas </FONT><FONT size=2>(or in Aspen?).</FONT></DIV>
<DIV><FONT size=2>Any of the last 2 months, and especially the last 2 weeks,
attempted downfalls pullbacks are</FONT></DIV>
<DIV><FONT size=2>-straight away- hammered down. </FONT><FONT size=2>There is
far too much gravity </FONT><FONT size=2>clouds up there(US$ weakening
etc.,</FONT></DIV>
<DIV><FONT size=2>NATO's possible attacks on Serbia </FONT><FONT size=2>and
ofcourse the uncertainty in the financial markets).</FONT></DIV>
<DIV><FONT size=2>Will settle for the 50% tech correction of UpTrend since 90-94
and a turnaround later this winter. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>For a look into the EURO-kitchen, have attached
the Stoxx 50 Euro(EUSTXX50.gif).</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>These are the largest
companies in Europe(eg in EURO land), but this ofcourse does not
implement</FONT></DIV>
<DIV><FONT size=2>that they are also </FONT><FONT size=2>the best. Together they
are as much cyclical as is the rest of the market.</FONT></DIV>
<DIV><FONT size=2>Induvidualy they are markets average performers.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Reg. Ton </FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Oorspronkelijk
bericht-----</B><BR><B>Van: </B>Guy Tann <<A
href="mailto:grtann@xxxxxxxxxxx";>grtann@xxxxxxxxxxx</A>><BR><B>Aan:
</B>metastock@xxxxxxxxxxxxx
<<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Datum:
</B>dinsdag 6 oktober 1998 5:58<BR><B>Onderwerp: </B>RE: Interesting
Charts<BR><BR></DIV></FONT>
<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></BLOCKQUOTE></BODY></HTML>
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