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The market is starting to get a little volatile lately. We're long the S&Ps
at 994 so we have a cushion to fall back on, however I'm waiting for the
sell signal. I've been a bear for too long and invest in these longs with
some trepidation. Some of these new issues are discounting not only the
future, but the hereafter :).
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of David Duggan
> Sent: Friday, December 04, 1998 1:53 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Nov 27 double top
>
>
> Yes its certainly starting to look that way.
>
> If July was the top of the ski hill we just went over the second bump.
>
> I've taken some profits on a few items. The others don't warrant
> selling yet - but if this continues much longer I might just dust off
> those short indicators. And put the long ones away for a while.
>
> When you add up Asia, Brazil, oil, metals, and resulting layoffs (e.g.
> Boeing etc.) - the feel of the market has certainly changed from the
> springtime.
>
> The second option is to change the way I am using my momentum indicator,
> e.g. buy on valleys instead of increasing strength - but that is such a
> waiting game and system tests show it to be unprofitable (too many false
> signals I guess - have not spent a lot of time on it as it did not look
> very profitable from the few tests I did run - maybe I should run
> more???).
>
>
>
>
> Guy Tann wrote:
> >
> > When looking at the Dow or the S&P, it appears that we made a
> double top on
> > Nov 27 or am I imagining things again (those flashbacks from
> the abuses of
> > the 60s <G>)?
> >
> > Guy
>
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