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<DIV><FONT size=2>Thanks Joe for your analysis of how money is made in the
markets. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>I have come to realize that the use of indicators and systems
are like pointing at the moon with your finger. The moon is the important
thing here ... not staying fascinated by your finger.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Thanks Benzie for your help in tracing the intruder. Did
you use Ping Plotter?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Best regards</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Walter</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>
<A href="mailto:jehardt@xxxxxxxxxxxxxx"; title=jehardt@xxxxxxxxxxxxxx>Joseph
Ehardt</A> </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, July 11, 1999 12:11
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: A bit of real life
analysis</DIV>
<DIV><BR></DIV>
<DIV><FONT size=2>Nicholas,</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Using 5-34-5 MACD, which is my own standard, rather than
12-26-9 classic values, I think the upside was reached earlier this week. As a
small cap, thinly traded stock, any bullish news would spike the stock upward
and bearish news would spike the stock downward. The stock is sufficiently
illiquid that market makers are making more money than investors/speculators
because of the bid/ask spread.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Back to TA. My own sense of my MACD indicator is that price
rallies from Friday's close are limited. Elliott Wave analysis further adds
that this stock might be in a C-wave that will finish in the $1-or-under price
range, a sizable percentage decline from the current level of $1-5/8. Before
that predicted low is reached, however, I lean to the idea that the stock
might dip to 1-5/16 and rally yet again to 1-15/16, making a flat formation,
before it makes the final leg down to $1.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Illiquidity or thin volume reduces the value of Elliott Wave
analysis, and a lot of technical analysis, by the way, because you cannot
depend on a flowing market to deliver fair prices. For example, in the recent
move to 1-15/16, you can conclude that some customer paid that price to buy
the stock, but the bid price you would have received to sell that stock most
likely was decidely in favor of the market maker. This is a NASDAQ stock
(probably with one market maker) and not an open-auction market like the NYSE
and AMEX. I think taking a look at time-and-sales for this stock might be
worth the time spent as you come to understand something about how the market
maker is making money in it.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Joe</FONT></DIV>
<DIV> </DIV>
<DIV> </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>Nicholas Kormanik <<A
href="mailto:nkormanik@xxxxxxxxxx";>nkormanik@xxxxxxxxxx</A>><BR><B>To:
</B>metastock@xxxxxxxxxxxxx
<<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, July 10, 1999 07:20 PM<BR><B>Subject: </B>A bit of real life
analysis<BR><BR></DIV></FONT>I'm not exactly asking for a buy/sell
recommendation with the following<BR>request. I am more interested in
your collective learned technical analysis<BR>opinions, using a particular
stock as an example.<BR><BR>After studying the charts, I placed the
following onto an EWEB
discussion<BR>thread:<BR><BR>+++++++++++++++++++++<BR>"Finally, for now,
look at the following technical analysis site, type in<BR>EWEB, and click
the upper right little window menu and bring up the MACD....<BR><BR><A
href="http://www.equis.com/java/ms4jbig.html";>http://www.equis.com/java/ms4jbig.html</A><BR><BR>I
use the full MetaStock program, and have examined EWEB in about every
way<BR>I can, but this little applet's MACD shows extremely clearly what
is<BR>**exceedingly** likely to happen to EWEB price (IMHO) --- there
basically is<BR>no way in hell that that MACD is not going to break above
the zero line, and<BR>soon, and head up for a while. Please look so that you
know what I'm talking<BR>about. Based on that there standard MACD **alone**
I feel assured that EWEB<BR>has some moving up to do, starting in the coming
days."<BR>+++++++++++++++++++++<BR><BR>I'd like to ask any of you folks so
inclined to take a look at the above<BR>MACD example, and tell me if it
looks to you, as it does to me, that this<BR>particular MACD seems to
**shout** that this stock is imminently heading<BR>higher. I view it
as about as near a TA certainty as one could ask for.<BR><BR>Is there
anything that you would add from a TA standpoint, saying, "Ahhhh,<BR>but my
young Nicholas, have you also considered the
.....??"<BR><BR>Thanks,<BR>Nicholas<BR><BR><BR><BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Jul 11 10:37:02 1999
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Message-ID: <002a01becbbf$55479820$f52367d1@xxxxxx>
From: "Walter Lake" <wlake@xxxxxxxxx>
To: "Metastock bulletin board" <metastock@xxxxxxxxxxxxx>
Subject: intruders
Date: Sun, 11 Jul 1999 13:03:43 -0400
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Status:
Here is a copy of part of an email that I received:
"... Walter
Ping plotter traced through 15 hops but the next destination listed as
unreachable. I guess that once a certain amount of progress is made, the
tendency is to move forward at a squared function pace.
Before going on cable modem, my download speeds were between 1.8 and 2.4
Kbs. Then they jumped to 16 to 20 Kbs after installing the cable modem.
Lastly, when the modem repair guy came out and was fiddling with my
computer, he asked why my download speeds were so slow. Then he plugged in
his little laptop and showed me that 150-200 Kbs was easy if everything was
set up properly and to look on Tucows network for a web accelerator that
will automatically detect and optimize computer and web functions.
Loaded up Interquick program and speeds jumped to 150-250 Kbs. A hundred
fold increase in download speed was a very pleasant surprise.
One problem with the cable modem is that you are on line 24 hours a day (I
leave my computers on since they will last longer and I need to collect data
overnight anyway).
One of the hackers websites I watch (it is a site for satellite system
decryption) suggested that all members of the forum load up Intruder Alert
99 and Nuke Nabber to protect their machines.
The first detects an entry attempt, shuts it down, traces the source, and
sends an email to the ISP of that source. ..."
=====
Always more to learn!
Best regards
Walter
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