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<DIV><FONT size=2>John,</FONT></DIV>
<DIV><FONT size=2> You're right, I do a combination
fundamental and technical screen first to narrow the universe of stocks to the
few I download to my MetaStock database. The final timing and selection
from my MetaStock database is done with the trend channel analysis I described
below. In fact, there is an additional step with trend channels and market
indices for determining if I should enter the market and in what direction that
I haven't described yet. Maybe, I will be able to do that next week
end. </FONT></DIV>
<DIV><FONT size=2> If you missed my description of the
building block for narrowing the stock universe, yell and I'll send a copy to
you.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>JimG </FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
href="mailto:ay286@xxxxxxxx"; title=ay286@xxxxxxxx>John Sellers</A> </DIV>
<DIV><B>To:</B> <A href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Sunday, December 13, 1998 4:07 PM</DIV>
<DIV><B>Subject:</B> Re: Building Blocks - Trend Channels</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT color=#000000 face="Bookman Old Style" size=4>I think your logic is
good, but I thought you used fundamentals to first select a group of stocks
first and then apply this technical processing.</FONT></DIV>
<DIV><FONT color=#000000 face="Bookman Old Style" size=4></FONT> </DIV>
<DIV><FONT face="Bookman Old Style" size=4>I do a similar sequential process
using fundamentals first then technical selection later. My fundamental
process is done with filters in an AAII Stock data base and then I use
Bollinger bands for entry & exit. I must admit your technical process is
more sophisticated. Also based on your reported progress your system is much
more profitable.</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Jim Greening <<A
href="mailto:JimGinVA@xxxxxxxxxxxxx";>JimGinVA@xxxxxxxxxxxxx</A>><BR><B>To:
</B>Metastock <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Sunday, December 13, 1998 9:57 AM<BR><B>Subject: </B>Building Blocks -
Trend Channels<BR><BR></DIV></FONT>
<DIV><FONT size=2>All,</FONT></DIV>
<DIV><FONT size=2> Last week I talked about how I
use trend channels to set targets and stops to tell me when to exit a
position. This week I'm going to go back to the beginning to discuss
how I use trend channels to tell me when to enter a position. I'd
appreciate any comments pro or con on this methodology.</FONT></DIV>
<DIV><FONT size=2> I've come to depend more and more
on trend channels as my primary technical analysis tool. The theory of trend
channel investing is simple. First you have to construct the trend channel.
After that is done the rest is easy. For up trend channels you open a long
position right after a stock bounces off the bottom of a channel and close
the position when it hits the top of a channel. Vice versa for down trend
channels. I treat horizontal channels like up trend channels for trading
purposes.<BR> Of course, I expand on this simple
methodology slightly <G>. First I construct short, intermediate, and
long term channels on all my charts. My definition of short,
intermediate and long term is flexible. In general short term is days to up
to a few months, intermediate term is a few months to over a year, and long
term is years. I like to open a position in the direction of the long term
trend channel when an intermediate term trend channel is broken and the
stock reverses in the direction of the long term trend. Since this is a
fairly rare occurrence, my secondary method which occurs much more
frequently and is, therefore, the one I use the most, is to enter a position
when the short term trend channel is broken and the stock reverses in
direction of the intermediate term trend channel. In both cases, the
reversal is a better buy signal when it occurs in conjunction with a bounce
off the bottom of the longer term trend channel. Once a stock has
reversed its trend, I construct a new short term trend channel in the
direction of the longer term trend. I use this new Short Term Trend
Channel to set my targets and stops as I described last week if I entered a
position on the breakout of the old channel. If I missed entering the
position at the breakout, there are additional entry points every time the
stock bounces off the bottom of the new short term trend channel.
<BR> As you can see, using trend channels for
signaling when to enter a new position is straight forward and simple.
The trick is how to objectively and consistently construct the trend
channels. For short term up trend channels I use the Standard
Deviation Channel built into MetaStock. I start the channel immediately to
the left of the lowest low in the data being considered and end immediately
to the right of the highest high in the time frame. I set the deviation at 2
to determine the targets and at 1 to determine the stops. I usually
leave it at 1 for looking at the charts since the stop is more important
than the target I extend the channel to the right. Anytime a new high is
hit, I'll drag the right end of the channel immediately to the right of that
high. After a few months with at least two good reactions, I switch to
Trader Vic type trend lines to construct my short term channels. I only use
Trader Vic type trend lines for intermediate and long term channels. I
like the Trader Vic methodology much better than using a standard deviation
channel, but it gives many more false signals than standard deviation
channels do for very short term channels without any major reactions in the
data. </FONT></DIV>
<DIV><FONT size=2> For a Trader Vic up trend line,
start with the lowest low in the time frame being considered. Draw a line
from that low to a low before the highest high in the time frame such that
the line doesn't pass through any data. It's important that you don't draw
the line through any data or to a low that is past the highest high in the
timeframe. A down trend line is just the mirror image using the highs in the
time frame. To construct the up trend channel, extend the line to the right,
then draw a parallel line through the most extreme high in the time frame
such that the line doesn't intersect any other data points. This is easy
with MetaStock. You can hold the CTRL key down, then hold the left mouse key
down once you are on the original line and drag a parallel line to where
ever you want it. You can do the down trend channels in a similar manner.
Horizontal channels are the easiest. Just drop a horizontal line on the
highest high and lowest low in the time frame. My final touch is to change
the line color and style: blue and dashed for short term channels; red
and dashed for intermediate term channels; and magenta and dashed for long
term channels.<BR> That's all there is to it,
what do you think? Does it make sense?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Jim <BR></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Dec 14 17:31:42 1998
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From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: good computers
Date: Mon, 14 Dec 1998 18:04:57 -0500
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<DIV><FONT size=2>Guy,</FONT></DIV>
<DIV><FONT size=2> Thanks for the info. I'm still
looking around, but I think that's exactly what I'm going to do.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Jim</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
href="mailto:grtann@xxxxxxxxxxx"; title=grtann@xxxxxxxxxxx>Guy Tann</A> </DIV>
<DIV><B>To:</B> <A href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Monday, December 14, 1998 3:54 AM</DIV>
<DIV><B>Subject:</B> RE: good computers</DIV></DIV>
<DIV><BR></DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial
size=2>Jim</FONT></SPAN></DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial size=2>I
hate to say it, but I've been building these things for over 25 years.
Always did my own in order to get what I wanted. I checked out this last
one, asked the dealer to make a few changes (cost less than $100) and let them
build the system.</FONT></SPAN></DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial size=2>When
I got home, I tried to install the network card and the second drive and
noticed the dealer had pasted a sticker across the cabinet and back saying if
broken, the warrantee was void. </FONT></SPAN><SPAN
class=300434508-14121998><FONT color=#0000ff face=Arial size=2>Called the
dealer and spoke to the store manager and he faxed me a note saying this
didn't apply to me and I was off and running. He said it was basically
to keep the guy out who knew nothing about computers.</FONT></SPAN></DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial size=2>Had
a couple of problems with some Microsoft software that wiped out the
registry. Got new, updated CDs from Microsoft free via overnight
delivery and the dealer let me borrow some software I needed to speed up the
installation. So far I have absolutely no complaints. I originally
bought a 15" monitor, but it was too small compared to my 20", so I
took it back and upgraded to a 17" for just the difference in original
price. Oh yes. When I bought it, they had a 12 month interest free
payment plan. From this experience, I would have to say that after
building at least 20 or more micros, I've done my last
one.</FONT></SPAN></DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial
size=2>Guy</FONT></SPAN></DIV>
<DIV><SPAN class=300434508-14121998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV class=OutlookMessageHeader><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B> <A
href="mailto:owner-metastock@xxxxxxxxxxxxx";>owner-metastock@xxxxxxxxxxxxx</A>
[<A
href="mailto:owner-metastock@xxxxxxxxxxxxx";>mailto:owner-metastock@xxxxxxxxxxxxx</A>]<B>On
Behalf Of</B> Jim Greening<BR><B>Sent:</B> Sunday, December 13, 1998 10:04
AM<BR><B>To:</B> <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A><BR><B>Subject:</B>
Re: good computers<BR><BR></FONT></DIV>
<DIV><FONT size=2>Guy,</FONT></DIV>
<DIV><FONT size=2> I completely agree. I'm
shopping around the local clone dealers right now. The only thing you
have to watch out for is that you deal with one that gives you a choice of
top of the line mother boards and components.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
href="mailto:grtann@xxxxxxxxxxx"; title=grtann@xxxxxxxxxxx>Guy Tann</A>
</DIV>
<DIV><B>To:</B> <A href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Sunday, December 13, 1998 11:54 AM</DIV>
<DIV><B>Subject:</B> RE: good computers</DIV></DIV>
<DIV><BR></DIV>I've been building micro computers (notice the name) before
there was an<BR>Apple or an IBM PC. I think my first one was in the
early 70s.<BR><BR>Anyway, I've found that I can go to one of the local
clone manufacturers and<BR>buy a complete system, sometimes for less than
the cost of the various<BR>components. Currently, one of the local
chains is selling a 450MHz Pentium<BR>II system with 128Mb of RAM, 10+Gb
HD, 4x DVD drive, 400w speakers and sub,<BR>plus an 8Mb ATI graphics card,
56kb modem v.90, etc., etc. and a 17" .26<BR>monitor (I think as I'm
going from memory) for around $1800. There's no way<BR>I'm going to
take the time to build one of these again. I bought a
complete<BR>system, added another 5.5Gb D: drive and a networking card
(10/100 Mb<BR>Ethernet) and I'm done. Oh yes, it also included Win
98 and a bunch of<BR>other stuff.<BR><BR>Hardly worth trying to save
$100. And that includes a 2 year,
total<BR>warrantee.<BR><BR>Regards<BR><BR>Guy<BR><BR><BR>>
-----Original Message-----<BR>> From: <A
href="mailto:owner-metastock@xxxxxxxxxxxxx";>owner-metastock@xxxxxxxxxxxxx</A><BR>>
[<A
href="mailto:owner-metastock@xxxxxxxxxxxxx";>mailto:owner-metastock@xxxxxxxxxxxxx</A>]On
Behalf Of Chuck Engstrom<BR>> Sent: Saturday, December 12, 1998 11:30
AM<BR>> To: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A><BR>>
Subject: Re: good computers<BR>><BR>><BR>> At 12:44 PM 12/12/98
GMT, you wrote:<BR>> >On Fri, 11 Dec 1998 13:10:06 -0500, you
wrote:<BR>> ><BR>> >>I'm in the market for a new computer
and would appreciate<BR>> >>comments good or bad about Micron,
Compaq, Dell or any others.<BR>> >>I want more power and it's
time to put my pentium 133 machine<BR>> >>out to pasture.<BR>>
><BR>> >Upgraded my system with an ASUS P2 motherboard &
Pentium II, PC Power<BR>> >& Cooling mini Tower & ATX power
supply. Had to buy new memory.<BR>> ><BR>> >I had to buy a new
case and power supply due to the ATX form factor.<BR>> >DELL, Compaq
are too proprietary. Micron and Gateway are upgradeable.<BR>>
><BR>> >Used the same video, same HD, same monitor, same
keyboard, same<BR>> >floppy, etc....<BR>> ><BR>> >See <A
href="http://www.TCCOMPUTERS.COM";>www.TCCOMPUTERS.COM</A> or <A
href="http://www.necx.com";>www.necx.com</A> for details. TCComputers
will<BR>> >put the system together for you, if you are not
handy.<BR>> ><BR>> >-= Chris ß =-<BR>>
>
/\ /\/<BR>> >
/\/ \ /\ /<BR>> >
/ \/ \/<BR>> >Using MetaStock
6.5 | FastTrack | FastRUBE | FastTools | TC2000<BR>> ><BR>>
><BR>><BR>> I second the motion -- many of the "name"
brand computers have in them so<BR>> much stuff that is specially
configured to the extent that you<BR>> can't really<BR>> say that
their Windows 95 (or 98) boxes subscribe to a presumably
"open"<BR>> architecture. Many of them are generally pretty
good, of course, but<BR>> whenever you have a problem you have to call
Mr. Manufacturer and wait in<BR>> the phone queue for who knows how
long. If you are an experienced an<BR>> knowledgeable user, think hard
about "rolling your own." I did my<BR>> own three<BR>>
years ago and have had fewer problems than anyone I know who's<BR>>
bought brand<BR>> name.<BR>><BR>> Chuck
Engstrom<BR>><BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Dec 14 17:32:01 1998
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Message-ID: <00bb01be27b6$9dfa24a0$2fc6fdd0@xxxx>
From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Printing System Tests to a File?
Date: Mon, 14 Dec 1998 18:02:48 -0500
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<DIV><FONT size=2>Dan,</FONT></DIV>
<DIV><FONT size=2> Try installing a generic printer in
Windows and set it up to print to file. Then select it as your default
before you print.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
href="mailto:HARELSDB@xxxxxxx"; title=HARELSDB@xxxxxxx>HARELSDB@xxxxxxx</A>
</DIV>
<DIV><B>To:</B> <A href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Monday, December 14, 1998 1:53 AM</DIV>
<DIV><B>Subject:</B> Printing System Tests to a File?</DIV></DIV>
<DIV><BR></DIV>I am trying to print the results of Metastock (v 6.5) System
Tests to a file<BR>that can be read by a Lotus 97 123 spreadsheet
program. I can save<BR>information to a file using the dialog boxes
given by Metastock, however, when<BR>I retrieve it using Lotus, all I get is
gibberish and lots of it. I have an<BR>Epson Stylus Color 500 printer
and that is my default printer according to the<BR>dialog box. Has
anyone else run into this kind of problem and, more<BR>importantly, have they
figured out how to get around it?<BR><BR>Thanks,<BR><BR>Dan<BR>Pocatello, ID
USA</BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Dec 14 17:32:07 1998
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From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: "Metastock" <metastock@xxxxxxxxxxxxx>
Subject: C & EGGS
Date: Mon, 14 Dec 1998 19:35:09 -0500
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<DIV><FONT size=2>All,</FONT></DIV>
<DIV><FONT size=2> C & EGGS closed below my stop so
I'll close those positions tomorrow. Also I now have the DJI, OEX, and SPX
in a short term down trend channel. I'm thinking about pulling the plug on
all my open positions if the market looks bad tomorrow.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Mon Dec 14 18:18:14 1998
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From: "Rick Mortellra" <rmjapan@xxxxxxxxxxxxxxx>
To: "MetaStock List" <metastock@xxxxxxxxxxxxx>
Subject: Re: Building Blocks - Trend Channels
Date: Tue, 15 Dec 1998 09:28:55 +0900
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<DIV><FONT color=#000000 face=Arial size=2>Hi ya "Swami"
Jim,</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>I think for pointers on how to tweak your system
you need to look no further than your book of closed trades. I assume you do
keep (at least you should) a careful record of each trade? My feeling is that
just about any system based on sound trading logic that can be backtested can
make you money using the right money management filters. </FONT><FONT
face=Arial size=2>So if I were you, I'd go thru my closed book and play
"what if" with my exit stops. <FONT face=Arial size=2>Obviously, this
is not something that can be done by computer unless you've kept all the details
of the trades on a spreadsheet. Even then it's no easy task.</FONT></FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>That said, you do have a good low-risk objective
strategy that's on a real hot streak. But from my point of view, it's not so
much your channel entry/exit system but your stock selection that is making you
the bucks. By that I mean, every week you generate a list of possibilities from
which you take your weekly trade. You normally don't have the buying power to
take all signaled trades so you are forced to select 1 or 2 stocks out of
several candidates. Moreover, I sense your last cut may be pretty subjective.
Your recent choices have been amazing, almost telepathic and why I've nicknamed
you the Swami ;-), in that they are almost immediately followed by some
news-driven move. Iomega and Eggs are recent examples that pop into my
mind.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>But, without taking all signaled trades, its hard
to measure your systems real performance. Your systems recent success may very
well be just due to the "luck of the draw." So, you might want to also
examine records of trades you passed on to get a better feel if it's just your
good "judgement" or the system that's making you money. If it's the
system and the returns are acceptable for the risk, then my advise is don't
fiddle with it. Try working on another system you can add to your toolbox that
will work under different market conditions. </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>That's all I can offer for now. Probably not much
immediate help but perhaps some food for thought.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Merry Christmas,</FONT></DIV>
<DIV><FONT face=Arial size=2>Rick</FONT></DIV>
<DIV><FONT face=Arial 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></B></FONT> </DIV>
<DIV><FONT face=Arial size=2><B></B></FONT> </DIV>
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Jim Greening <<A
href="mailto:JimGinVA@xxxxxxxxxxxxx";>JimGinVA@xxxxxxxxxxxxx</A>><BR><B>To:
</B>Metastock <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Monday, December 14, 1998 4:31 AM<BR><B>Subject: </B>Building Blocks - Trend
Channels<BR><BR></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px"></FONT>
<DIV><FONT size=2>All,</FONT></DIV>
<DIV><FONT size=2> Last week I talked about how I
use trend channels to set targets and stops to tell me when to exit a
position. This week I'm going to go back to the beginning to discuss
how I use trend channels to tell me when to enter a position. I'd
appreciate any comments pro or con on this methodology.</FONT></DIV>
<DIV><FONT size=2> I've come to depend more and more
on trend channels as my primary technical analysis tool. The theory of trend
channel investing is simple. First you have to construct the trend channel.
After that is done the rest is easy. For up trend channels you open a long
position right after a stock bounces off the bottom of a channel and close
the position when it hits the top of a channel. Vice versa for down trend
channels. I treat horizontal channels like up trend channels for trading
purposes.<BR> Of course, I expand on this simple
methodology slightly <G>. First I construct short, intermediate, and
long term channels on all my charts. My definition of short,
intermediate and long term is flexible. In general short term is days to up
to a few months, intermediate term is a few months to over a year, and long
term is years. I like to open a position in the direction of the long term
trend channel when an intermediate term trend channel is broken and the
stock reverses in the direction of the long term trend. Since this is a
fairly rare occurrence, my secondary method which occurs much more
frequently and is, therefore, the one I use the most, is to enter a position
when the short term trend channel is broken and the stock reverses in
direction of the intermediate term trend channel. In both cases, the
reversal is a better buy signal when it occurs in conjunction with a bounce
off the bottom of the longer term trend channel. Once a stock has
reversed its trend, I construct a new short term trend channel in the
direction of the longer term trend. I use this new Short Term Trend
Channel to set my targets and stops as I described last week if I entered a
position on the breakout of the old channel. If I missed entering the
position at the breakout, there are additional entry points every time the
stock bounces off the bottom of the new short term trend channel.
<BR> As you can see, using trend channels for
signaling when to enter a new position is straight forward and simple.
The trick is how to objectively and consistently construct the trend
channels. For short term up trend channels I use the Standard
Deviation Channel built into MetaStock. I start the channel immediately to
the left of the lowest low in the data being considered and end immediately
to the right of the highest high in the time frame. I set the deviation at 2
to determine the targets and at 1 to determine the stops. I usually
leave it at 1 for looking at the charts since the stop is more important
than the target I extend the channel to the right. Anytime a new high is
hit, I'll drag the right end of the channel immediately to the right of that
high. After a few months with at least two good reactions, I switch to
Trader Vic type trend lines to construct my short term channels. I only use
Trader Vic type trend lines for intermediate and long term channels. I
like the Trader Vic methodology much better than using a standard deviation
channel, but it gives many more false signals than standard deviation
channels do for very short term channels without any major reactions in the
data. </FONT></DIV>
<DIV><FONT size=2> For a Trader Vic up trend line,
start with the lowest low in the time frame being considered. Draw a line
from that low to a low before the highest high in the time frame such that
the line doesn't pass through any data. It's important that you don't draw
the line through any data or to a low that is past the highest high in the
timeframe. A down trend line is just the mirror image using the highs in the
time frame. To construct the up trend channel, extend the line to the right,
then draw a parallel line through the most extreme high in the time frame
such that the line doesn't intersect any other data points. This is easy
with MetaStock. You can hold the CTRL key down, then hold the left mouse key
down once you are on the original line and drag a parallel line to where
ever you want it. You can do the down trend channels in a similar manner.
Horizontal channels are the easiest. Just drop a horizontal line on the
highest high and lowest low in the time frame. My final touch is to change
the line color and style: blue and dashed for short term channels; red
and dashed for intermediate term channels; and magenta and dashed for long
term channels.<BR> That's all there is to it,
what do you think? Does it make sense?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Jim <BR></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Dec 14 22:47:57 1998
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From: "Robert Must" <rmust@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Printing System Tests to a File?
Date: Mon, 14 Dec 1998 21:22:41 -0500
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<DIV><SPAN class=687542002-15121998><FONT color=#0000ff face=Arial size=2>it
probably generates a pcl file that can be sent to a printer at a later time.
</FONT></SPAN></DIV>
<DIV><SPAN class=687542002-15121998><FONT color=#0000ff face=Arial size=2>it is
useless </FONT></SPAN><SPAN class=687542002-15121998><FONT color=#0000ff
face=Arial size=2>to open it in a spreadsheet.</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> Jim Greening<BR><B>Sent:</B> December 14, 1998 6:03
PM<BR><B>To:</B> metastock@xxxxxxxxxxxxx<BR><B>Subject:</B> Re: Printing
System Tests to a File?<BR><BR></FONT></DIV>
<DIV><FONT size=2>Dan,</FONT></DIV>
<DIV><FONT size=2> Try installing a generic printer
in Windows and set it up to print to file. Then select it as your
default before you print.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
href="mailto:HARELSDB@xxxxxxx";
title=HARELSDB@xxxxxxx>HARELSDB@xxxxxxx</A> </DIV>
<DIV><B>To:</B> <A href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Monday, December 14, 1998 1:53 AM</DIV>
<DIV><B>Subject:</B> Printing System Tests to a File?</DIV></DIV>
<DIV><BR></DIV>I am trying to print the results of Metastock (v 6.5)
System Tests to a file<BR>that can be read by a Lotus 97 123 spreadsheet
program. I can save<BR>information to a file using the dialog
boxes given by Metastock, however, when<BR>I retrieve it using Lotus,
all I get is gibberish and lots of it. I have an<BR>Epson Stylus
Color 500 printer and that is my default printer according to
the<BR>dialog box. Has anyone else run into this kind of problem
and, more<BR>importantly, have they figured out how to get around
it?<BR><BR>Thanks,<BR><BR>Dan<BR>Pocatello, ID
USA</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Dec 14 22:48:14 1998
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From: "Andrzej Pliszka" <pliszka@xxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: good computers
Date: Mon, 14 Dec 1998 23:10:31 -0500
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>> What OS do you use with the dual processor system?
I know that two microprocessors you can use with WinNT, OS Warp, and Linux,
Solaris.
I think you can use four microprocessors when you use customized WinNT. HP
was using it for their servers.
Andrew
PS. There is Pentium Pro motherboard called Goliath that supports 4 Pentium
Pro microprocessors. Moreover, nee Intel Xeon can work in 4 processors
configuration. Pentium II is able to work in 2 microprocessor systems.
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