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<DIV><FONT size=2>Guy,</FONT></DIV>
<DIV><FONT size=2> Thanks for the info. The next
couple of weeks should be interesting.</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>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Guy Tann </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, June 13, 1999 2:02 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: Weekly Pick</DIV>
<DIV><BR></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=900343920-13061999>JimG</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=900343920-13061999></SPAN></FONT> </DIV>
<DIV><SPAN class=900343920-13061999><FONT color=#0000ff face=Arial
size=2><<</FONT><FONT size=2><FONT color=#0000ff><FONT face=Arial>
<DIV> Looking at the indices, I'm beginning to believe
that Guy's sell signal may be for real <G>. Guy, have you gotten
that confirmation signal yet? The DJI index fell through the bottom of
its Intermediate Term Up Trend Channel (ITUTC) Friday. <SPAN
class=900343920-13061999> >></SPAN></DIV>
<DIV><SPAN class=900343920-13061999></SPAN> </DIV>
<DIV><SPAN class=900343920-13061999>Not yet unfortunately.
<G></SPAN></DIV>
<DIV><SPAN class=900343920-13061999></SPAN> </DIV>
<DIV><SPAN class=900343920-13061999>This ITSS without confirmation has
consistently made money (all but 1 trade) but as we discussed had some
horrific drawdowns. Since we don't have our confirming signal, I'm
hoping that we'll get a dead cat bounce here which will bail all of us out.
<G></SPAN></DIV>
<DIV><SPAN class=900343920-13061999></SPAN> </DIV>
<DIV><SPAN class=900343920-13061999>Anyway, we're still holding
on.</SPAN></DIV>
<DIV><SPAN class=900343920-13061999></SPAN> </DIV>
<DIV><SPAN class=900343920-13061999>Regards</SPAN></DIV>
<DIV><SPAN class=900343920-13061999></SPAN> </DIV>
<DIV><SPAN class=900343920-13061999>Guy</SPAN></DIV>
<DIV><SPAN class=900343920-13061999></SPAN> </DIV>
<DIV><SPAN class=900343920-13061999> </SPAN></SPAN></FONT></FONT><FONT
face="Times New Roman"></FONT><FONT 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> Sunday, June 13, 1999 12:37 PM<BR><B>To:</B>
Metastock<BR><B>Subject:</B> Weekly Pick<BR><BR></DIV></FONT></FONT></DIV>
<DIV><FONT size=2>All,</FONT></DIV>
<DIV><FONT size=2> Not a good week, but not a real bad one
either <G>. My portfolio was down just a little and I again had
several changes. I did close my IOM and PMRY positions Tuesday. I
also opened my DELL and SCH positions, but never opened a CTI position as it
fell below the channel without hitting the buy stop. With 20/20 hind
sight, opening those positions in the large caps last week may have been a
mistake. SCH closed below my stop Friday, so I'll close that
position Monday.</FONT></DIV>
<DIV><FONT size=2> Looking at the indices, I'm
beginning to believe that Guy's sell signal may be for real <G>.
Guy, have you gotten that confirmation signal yet? The DJI index fell
through the bottom of its Intermediate Term Up Trend Channel (ITUTC)
Friday. The OEX, NYA, NASD, and SPX are all still in Horizontal Channels
(HCs) after breaking through the bottom of their up trend channels a week or
two ago. That leaves the RUT as the only major index I follow
that's still in its ITUTC and even it is in a sideways move within that
channel. I don't know if this means more sector rotation from the large
caps to the small caps, a correction in everything, or if its just
a fake out before the summer rally. However, I do know that I'm going to
watch my stops carefully and I'm not going to add any large cap stocks in the
near future. In fact, I'm going to avoid new U.S. stock positions
altogether for now. To help protect against the possibility of a
correction in the U.S. market, I'm going to invest about 20% of my
portfolio in foreign markets and if I'm stopped out of anything
else, I'll just sit on the cash for a while. Since it's hard to get
information in individual foreign stocks, I'm going to just play a country or
area using the AMEX traded WEBs. Looking at the WEBs I had a hard time
deciding among Japan, Malaysia, and Singapore. I finally decided to
delete Singapore due to the mainland China influence and put about 10% of my
portfolio in Foreign Fund Malaysia (EWM) and 10% in Japan WEBs
(EWJ).</FONT></DIV>
<DIV><FONT size=2> EWM at 6 3/4 gapped up Friday and
broke out of a Short Term Down Trend Channel (STDTC). I established a
new MetaStock standard deviation Short Term Up Trend Channel (STUTC) with
the top at 7 3/8 and the bottom at 5 7/8. Since this position is a hedge
against the U.S. market, I'm not going to set a target and I'm going with
the deviation set at 2 to give me a somewhat loser stop under the bottom of
the STUTC. Last October EWM broke out of a down trend that had been
in effect ever since the WEB was created. I got a StochRSI buy
signal just before that and it is still in effect. Since then EWM has
been zig zagging upwards with two higher highs and two higher lows and
is close to setting another new higher high. Giving the recent
publicity on the Asian markets finally getting over their woes, this has the
potential for a good move. I'll open a position Monday morning. I
want it to run, so I won't set a target, but will set a stop at 5
3/4. Since this is a low priced WEB, I'll move my stop up in 1/2 point
increments instead of my usual 1 point increment. </FONT></DIV>
<DIV><FONT size=2> EWJ at 12.563 is in a STUTC with
the top at 12 5/8 and the bottom at 11 7/8. It has a very chart
that's shaped exactly like EWM's chart. However, if anything, it is even
a little stronger recently with gaps up twice last week and breaking out to a
new 52 week high Friday. I also got a new StochRSI buy signal on it
Tuesday. I'll open a position Monday morning and for the same reasons
mentioned above, won't set a target, but will set my stop at 11
3/4.</FONT></DIV>
<DIV><FONT size=2> I'll send EWM.GIF and EWJ.GIF
charts to everyone on my email list.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<DIV><FONT size=2>
</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Jun 13 23:40:43 1999
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Date: Sun, 13 Jun 1999 23:36:06 -0700 (PDT)
From: CMA <cma6@xxxxxxxxx>
Subject: Changing Layouts
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Thanks to both Ton Maas and Chris B. for creative
solutions to changing the directory path in *.MSL
(Layout) files. Since I was working with MetaStock
4.5, I tried Chris' solution first, using the
shareware "UltraEdit." It worked perfectly: very easy
to go into these binary files and change
"C:\mspro\data" to "C:\mspro\xdata\data".
Ultraedit is a very handy program, which I
recommend: you never know when you are going to want
to edit a binary file.
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