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<DIV><FONT size=2>Theo,</FONT></DIV>
<DIV><FONT size=2> Thanks for the kind words on my
site.</FONT></DIV>
<DIV><FONT size=2> You could be right on my midweek
pick. I use an intermediate term system that tries to jump on at a
trend change. I don't catch the start and I don't get out at the exact
top, but do catch most of the ride if the intermediate term trend does
change. If all we have was a short term correction, you will be exactly
right. That's the beauty of many different systems working. The main
thing is to get a system you understand and trust and stick with it. If
I'm wrong, my system will get me out with a small loss. </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>
<A href="mailto:sky40912@xxxxxxxxx"; title=sky40912@xxxxxxxxx>Theo E.M.
Lockefee</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> Friday, July 30, 1999 7:31 AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: MidWeek Pick</DIV>
<DIV><BR></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 face=Arial size=2>Hi Jim (and metastock-
friends) :</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 face=Arial size=2>1) Nice site you
have.</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>2) About your midweek -pick :</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2> Your saying : finally
ready to take off again :</FONT></DIV>
<DIV><FONT face=Arial size=2> according to
indicators I use It took off 06/28 at $ 57,00</FONT></DIV>
<DIV><FONT face=Arial size=2> Now (07/27 data)
it's a not so strong Hold.</FONT></DIV>
<DIV><FONT face=Arial size=2> I could be sold at
07/16 at $67,00</FONT></DIV>
<DIV><FONT face=Arial size=2> nice profit of
17,5 % in about 1/2 month's time. </FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2> Can
you comment on that ? (not the profit :) but the indicators you
use)</FONT></DIV>
<DIV><FONT color=#000000 face=Arial
size=2> Thanks</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 face=Arial size=2> Have
a nice trade </FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2> Theo</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>P.s. on 07/17 I got a
volume-indicator-sell </FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Oorspronkelijk
bericht-----</B><BR><B>Van: </B>Jim Greening <<A
href="mailto:JimGinVA@xxxxxxxxxxxxx";>JimGinVA@xxxxxxxxxxxxx</A>><BR><B>Aan:
</B>Metastock <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Datum:
</B>July 28, 1999 02:49<BR><B>Onderwerp: </B>MidWeek
Pick<BR><BR></DIV></FONT>
<DIV><FONT size=2> <FONT size=3>All,</FONT></FONT></DIV><FONT size=2>
<P class=MsoNormal><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt"><SPAN
style="mso-spacerun: yes"> </SPAN>INTC at 67.56
looks to me like it is finally ready to take off again.<SPAN
style="mso-spacerun: yes"> </SPAN>It broke out of its Intermediate
Term Down Trend Channel (ITDTC) a month ago and rose to the top of its Short
Term Up Trend Channel (STUTC) a little over a week ago.<SPAN
style="mso-spacerun: yes"> </SPAN>The top of the STUTC is at 75 ½ and
the bottom at 64 3/8.<SPAN style="mso-spacerun: yes"> </SPAN>INTC fell
back to the bottom of the STUTC yesterday and bounced strongly up
today.<SPAN style="mso-spacerun: yes"> </SPAN>The long term StochRSI
is positive and the short term just made a negative peak.<SPAN
style="mso-spacerun: yes"> </SPAN>I expect it to rise and break to a
new all time high some time this week.<SPAN style="mso-spacerun: yes">
</SPAN>I’m going to open a position at tomorrow’s open and set my stop just
under the STUTC at 63 ¾.<SPAN style="mso-spacerun: yes"> </SPAN>Since
I think INTC is ready for a good run, I’m not going to set a target.<SPAN
style="mso-spacerun: yes"> </SPAN></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt"><SPAN
style="mso-spacerun: yes"> See chart at <A
href="http://www.geocities.com/WallStreet/Highrise/1025/";>http://www.geocities.com/WallStreet/Highrise/1025/</A></SPAN></SPAN></P>
<P class=MsoNormal><FONT size=2><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt"><SPAN
style="mso-spacerun: yes">JimG</SPAN></SPAN></FONT></P>
<P class=MsoNormal><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt"><SPAN
style="mso-spacerun: yes"> </SPAN><?XML:NAMESPACE PREFIX = O NS =
"urn:schemas-microsoft-com:office:office"
/><O:P></O:P></SPAN></P></FONT></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sat Jul 31 14:34:54 1999
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From: "Glen Wallace" <gcwallace@xxxxxxxx>
To: "MetaStock listserver" <metastock@xxxxxxxxxxxxxxxxxx>
Subject: Welles Wilder's Relative Strength Index (RSI)
Date: Sat, 31 Jul 1999 13:43:36 -0700
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Status:
The standard RSI function in MetaStock does not permit the use of a variable
for the number of periods or for the price array, so I need to write the
long-hand version. Unfortunately, I'm having a brain fart when it comes to
coding the sum of the absolute price changes on the up days (or down days)
in a particular, user defined period. Does anyone have the code for this,
or can anyone suggest a solution?
RSI = 100 - (100 / (1+U/D))
Where: U = an average of upward price change on a closing basis
D = an average of downward price change on a closing basis
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