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<DIV><FONT color=#000000 size=2>All,</FONT></DIV>
<DIV><FONT color=#000000 size=2> I was stopped out of
AMZN this morning at 119 1/2.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>JimG</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Jan 29 08:14:13 1999
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From: "Bob Hunziker" <bobhunziker@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Ron Meisel
Date: Fri, 29 Jan 1999 10:32:27 -0800
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Christian, could you post the Metastock formula for this indicator. Thanks.
-----Original Message-----
From: Christian Baude <BAUDECB@xxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Cc: william robson <robbossuk@xxxxxxxxx>
Date: Thursday, January 28, 1999 8:21 PM
Subject: Re: Ron Meisel
>On Wed, 27 Jan 1999 10:28:22 -0800 (PST), william robson
><robbossuk@xxxxxxxxx wrote:
>
>> .... Meisel Indcator?
>
>Meisels Indicator - Developed by Ron Meisels of Nesbitt Thompson Inc.,
>Montreal.
>
>Count of the number of days for which the share prices, etc has risen
>or fallen over a moving ten day period. Number of falls is subtracted
>from the number of rises and the surplus is plotted as a positive or
>negative number on the chart.
>
>ie: No Rises(over last 10 days) - No Falls (over last 10 days)
>
>Max and min obviously +10 or -10, becomes overbought or oversold at +
>or - 6. Note: Can use any period ie: 50 days but 10 days is the
>default.
>
>You take the last ten trading days' data and see whether the price has
>fallen or risen (from the previous day), as given in the following
>example:
>
>Week 1 Week 2
>====== ======
>Mon: Up Mon: Up
>Tue: Down Tue: Up
>Wed: Up Wed: Down
>Thu: Up Thu: Down
>Fri: Down Fri: Down
>
>You then add up all the "Up"s and subtract the total of all the
>"Down"s from it. The result is the Meisels Indicator. In the example
>above, there are 5 ups and 5 downs; so the indicator would be 0.
>Obviously, in a given period, the indicator cannot be more than +10 or
>less than -10. Thus, the overbought/oversold conditions are
>represented by the +6/-6 lines respectively.
>
>In practice and it seems quite crude. However, once its 3 SMA
>plotted,, it looks OK. Can be a useful indicator.
>
>For more details, you can consult: "How Charts Can Make You Money" by
>T. H. Stewart; published by Woodhead-Faulkner (or Nichols Publishing,
>New York). Available from Synergy Software.
>
>Synergy Software, Britannic House, 20 Dunstable Rd., Luton LU1 1ED.
> England. Tel.: (0582) 424282 Fax: (0582) 482741
>
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