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On 11 Jul 99, at 12:55, Walter Lake wrote:
Walter no used WSPing, its lets you trace, ping, lookup and a
couple of other things, its a Freeware/Shareware program.
Been using it for years
Regards
Benzie
> Thanks Joe for your analysis of how money is made in the markets.
>
> 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.
>
> Thanks Benzie for your help in tracing the intruder. Did you use Ping
> Plotter?
>
> Best regards
>
> Walter
> ----- Original Message -----
> From: Joseph Ehardt
> To: metastock@xxxxxxxxxxxxx
> Sent: Sunday, July 11, 1999 12:11 PM
> Subject: Re: A bit of real life analysis
>
>
> Nicholas,
>
> 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.
>
> 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.
>
> 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.
>
> Joe
>
>
> -----Original Message-----
> From: Nicholas Kormanik <nkormanik@xxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Saturday, July 10, 1999 07:20 PM
> Subject: A bit of real life analysis
>
>
> I'm not exactly asking for a buy/sell recommendation with the
> following request. I am more interested in your collective learned
> technical analysis opinions, using a particular stock as an example.
>
> After studying the charts, I placed the following onto an EWEB
> discussion thread:
>
> +++++++++++++++++++++
> "Finally, for now, look at the following technical analysis site, type
> in EWEB, and click the upper right little window menu and bring up the
> MACD....
>
> http://www.equis.com/java/ms4jbig.html
>
> I use the full MetaStock program, and have examined EWEB in about
> every way I can, but this little applet's MACD shows extremely clearly
> what is **exceedingly** likely to happen to EWEB price (IMHO) ---
> there basically is no way in hell that that MACD is not going to break
> above the zero line, and soon, and head up for a while. Please look so
> that you know what I'm talking about. Based on that there standard
> MACD **alone** I feel assured that EWEB has some moving up to do,
> starting in the coming days." +++++++++++++++++++++
>
> I'd like to ask any of you folks so inclined to take a look at the
> above MACD example, and tell me if it looks to you, as it does to me,
> that this particular MACD seems to **shout** that this stock is
> imminently heading higher. I view it as about as near a TA certainty
> as one could ask for.
>
> Is there anything that you would add from a TA standpoint, saying,
> "Ahhhh, but my young Nicholas, have you also considered the .....??"
>
> Thanks,
> Nicholas
>
>
>
>
>
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