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<DIV><FONT color=#000000 size=2>All,</FONT></DIV>
<DIV><FONT color=#000000 size=2> My wife and I decided
to go for a long week end in Atlantic City this week. We are leaving in
the morning and won't return until Sunday evening. Therefore, I won't get
a weekly pick out this week. It's been a great week so far. I have a
limit sell in on AOL and WMT at my target prices. Targets and stops
below.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>JimG</FONT></DIV>
<DIV> </DIV>
<DIV>
<TABLE border=0 cellPadding=0 cellSpacing=0
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<COLGROUP>
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<COL style="WIDTH: 58pt; mso-width-source: userset; mso-width-alt: 2759"
width=78>
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<TBODY>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD align=middle class=xl27 colSpan=2 height=18
style="HEIGHT: 13.8pt; WIDTH: 138pt; mso-ignore: colspan"
width=184>
<A name=RANGE!A1:G11>Open Positions</A></TD>
<TD class=xl29 style="WIDTH: 58pt" width=78></TD>
<TD class=xl29 style="WIDTH: 69pt" width=92></TD>
<TD class=xl29 style="WIDTH: 58pt" width=78></TD>
<TD class=xl29 style="WIDTH: 58pt" width=78></TD>
<TD class=xl29 style="WIDTH: 58pt" width=78></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl25 height=18 style="HEIGHT: 13.8pt"> </TD>
<TD class=xl24 style="BORDER-LEFT: medium none">
<DIV align=center>Date</DIV></TD>
<TD class=xl28 style="BORDER-LEFT: medium none">
<DIV align=center>Entry</DIV></TD>
<TD class=xl28 style="BORDER-LEFT: medium none">
<DIV align=center>Target</DIV></TD>
<TD class=xl28 style="BORDER-LEFT: medium none">
<DIV align=center>Stop</DIV></TD>
<TD class=xl28 style="BORDER-LEFT: medium none">
<DIV align=center>Current</DIV></TD>
<TD class=xl28 style="BORDER-LEFT: medium none">
<DIV align=center>%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">Symbol</TD>
<TD class=xl24
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=center>Opened</DIV></TD>
<TD class=xl28
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=center>Price</DIV></TD>
<TD class=xl28
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=center>Price</DIV></TD>
<TD class=xl28
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=center>Price</DIV></TD>
<TD class=xl28
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=center>Price</DIV></TD>
<TD class=xl28
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=center>Gain/Loss</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">AMZN</TD>
<TD class=xl26
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>03/15/99</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 133>
<DIV align=right>$133.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 198>
<DIV align=right>$198.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 131.75>
<DIV align=right>$131.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 138.438>
<DIV align=right>$138.44 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 4.0887218045112694E-2 x:fmla = =+(F4-C4)/C4>
<DIV align=right>4.09%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">AOL</TD>
<TD class=xl26
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>02/22/99</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 84.4375>
<DIV align=right>$84.44 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 125>
<DIV align=right>$125.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 93.75>
<DIV align=right>$93.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 116.125>
<DIV align=right>$116.13 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 0.3752775721687639 x:fmla = =+(F5-C5)/C5>
<DIV align=right>37.53%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">CSCO</TD>
<TD class=xl26
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>02/22/99</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 98.625>
<DIV align=right>$98.63 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 134>
<DIV align=right>$134.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 97.75>
<DIV align=right>$97.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 106.875>
<DIV align=right>$106.88 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 8.3650190114068435E-2 x:fmla = =+(F6-C6)/C6>
<DIV align=right>8.37%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">DELL</TD>
<TD class=xl26
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>02/19/99</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 41.34>
<DIV align=right>$41.34 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 54>
<DIV align=right>$54.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 38.75>
<DIV align=right>$38.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 42.25>
<DIV align=right>$42.25 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 2.2012578616352117E-2 x:fmla = =+(F7-C7)/C7>
<DIV align=right>2.20%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">MSFT</TD>
<TD class=xl26
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>02/23/99</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 153.8125>
<DIV align=right>$153.81 </DIV></TD>
<TD class=xl32 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 197>
<DIV align=right>$197.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 160.75>
<DIV align=right>$160.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 172.438>
<DIV align=right>$172.44 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 0.12109223892726526 x:fmla = =+(F8-C8)/C8>
<DIV align=right>12.11%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">SCH</TD>
<TD class=xl26
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>01/15/99</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 55.875>
<DIV align=right>$55.88 </DIV></TD>
<TD class=xl32 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 97>
<DIV align=right>$97.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 71.75>
<DIV align=right>$71.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 89.688>
<DIV align=right>$89.69 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 0.60515436241610743 x:fmla = =+(F9-C9)/C9>
<DIV align=right>60.52%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">SLB</TD>
<TD class=xl26
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>03/05/99</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 56.25>
<DIV align=right>$56.25 </DIV></TD>
<TD class=xl32 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 70>
<DIV align=right>$70.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 55.75>
<DIV align=right>$55.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 59.125>
<DIV align=right>$59.13 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 5.1111111111111114E-2 x:fmla = =+(F10-C10)/C10>
<DIV align=right>5.11%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">WMT</TD>
<TD class=xl26
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>02/23/99</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 88.1875>
<DIV align=right>$88.19 </DIV></TD>
<TD class=xl32 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 99>
<DIV align=right>$99.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 88.75>
<DIV align=right>$88.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 98.188>
<DIV align=right>$98.19 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 0.11340042523033313 x:fmla = =+(F11-C11)/C11>
<DIV align=right>11.34%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">(ABT) LBTAK</TD>
<TD class=xl30
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>03/15/98</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 4.25>
<DIV align=right>$4.25 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 54>
<DIV align=right>$54.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 48.75>
<DIV align=right>$48.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 3.5>
<DIV align=right>$3.50 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = -0.17647058823529413 x:fmla = =+(F12-C12)/C12>
<DIV align=right>-17.65%</DIV></TD></TR>
<TR style="HEIGHT: 13.8pt" height = 18>
<TD class=xl24 height=18
style="BORDER-TOP: medium none; HEIGHT: 13.8pt">(DELL) LDEAJ</TD>
<TD class=xl30
style="BORDER-LEFT: medium none; BORDER-TOP: medium none">
<DIV align=right>03/15/98</DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 8.25>
<DIV align=right>$8.25 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 54>
<DIV align=right>$54.00 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 38.75>
<DIV align=right>$38.75 </DIV></TD>
<TD class=xl31 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = 7>
<DIV align=right>$7.00 </DIV></TD>
<TD class=xl33 style="BORDER-LEFT: medium none; BORDER-TOP: medium none"
x:num = -0.15151515151515152 x:fmla = =+(F13-C13)/C13>
<DIV align=right>-15.15%</DIV></TD></TR></TBODY></TABLE></DIV></BODY></HTML>
</x-html>From ???@??? Fri Mar 19 03:52:01 1999
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Message-ID: <006601be71c7$d9fb2ca0$0300a8c0@xxxxxxxx>
From: "Rick Mortellra" <rmjapan@xxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: NYSE Composite with New Volume Indicator
Date: Fri, 19 Mar 1999 14:17:53 +0900
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Joe,
Please don't my criticisms personally. I've just been at this for a while
and firmly believe the too much effort is placed on entry techniques instead
of exits and money management. The point of my post was that if all you use
as inputs are adv/dec price/volume in your formula, and then just try to
manipulate them in some novel way, all you can expect of your new indicator
is for it to confirm what adv/dec price/volume are already telling you. I
quote:
"What I have attached is a chart that portrays my indicator, and it clearly
suggests that buying has been driving this market higher in a NON-divergent
way, in stark opposition to the simple Cumulative A-D line and the
Cumulative A-D Volume line."
Well, duh! It's also telling us that for almost a year now the market is
being carried by just a handful of super-cap stocks. What that means is open
to interpretation and makes trading challenging. And while volume is
important you should never give it equal weighting to price.
MetaStock gives us 120+ indicators to look at the same data and a case can
be made for all of them. Most are also redundant, overly complex and based
on faulty reasoning or math. So if you want to build robust systems you are
better off becoming an expert in just a handful. By expert I mean a thorough
understanding of underlying underlying math and the indicator's strength and
weaknesses. My advice is to use what's already available and pick indicators
that are not overly correlated. While it may seem fun/glamorous to come up
with new indicator/entry technique, time is better spent on a trading and
money management plan.
Indicators of trend, volatility, and market strength, combined with a time
or fundamental data filter and a sensible money management plan can make for
a powerful stock system. My TA favorites are MAs, true range, and relative
strength for example. If you trade stock indices then it pays to also study
the underlying stocks and understand how they individually affect the index.
Just look how MO drove the Dow today!
Already got more preachy than I intended. Again, sorry if I come across
rude. All the whippings the market has given me thru the years has left me
with tough skin.
cheers,
Rick
-----Original Message-----
From: Joseph Ehardt <jehardt@xxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Friday, March 19, 1999 10:27 AM
Subject: Re: NYSE Composite with New Volume Indicator
> The fact that we all can
>look at commonly available O, H, L, C data doesn't mean that we will all
>draw a common conclusion. Look at the abundance of technical indicators in
>MetaStock, but then maybe you consider most or all of them to be irrelevant
>to technical analysis. CAV might be something more substantial that just
>"fun with numbers," but who knows at this time.
>
>Probably I made a mistake in deciding to post this idea in this forum.
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