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<DIV><FONT size=2>Guy,</FONT></DIV>
<DIV><FONT size=2> Just out of curiosity, what kind of time span is your
short and intermediate systems?</FONT></DIV>
<DIV><FONT size=2> Thanks,</FONT></DIV>
<DIV><FONT size=2>
Adam</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> Tuesday, August 10, 1999 12:43
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: S&P 500 chart....</DIV>
<DIV><BR></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999>Adam</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999>FWIW, our system still is long (the Intermediate Term
System and our Short Term System) so we're not looking for a major break
yet. Our system has been pretty good at picking market tops and bottoms,
and while we've been getting tossed about lately, we've been holding on and
riding the trades out for small gains. Actually, we've been
averaging down (or up as the case may be) and making a few
bucks.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999>Until our ITS turns bearish, we'll be trading the
long and short side of the S&Ps based upon our STS. When the ITS and
the STS both turn down, we'll be buying all kinds of Puts as well as shorting
the S&Ps. Our ITS went bullish at 994 (S&P) so it's been a
fairly good ride so far. We had one ITS (without a STS sell) sell on
6/3/99 with a buy on 6/15/99 and that was the only sell we've had on the ITS
since our original buy at 994. Made a few points on the sell and are
fairly even on the buy side, so far.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999>Regards</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999>Guy</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=360443305-10081999></SPAN></FONT> </DIV>
<DIV class=OutlookMessageHeader><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On
Behalf Of</B> Von Hef<BR><B>Sent:</B> Monday, August 09, 1999 8:21
PM<BR><B>To:</B> MetaStock<BR><B>Subject:</B> S&P 500
chart....<BR><BR></FONT></DIV>
<DIV>Looks like the S&P may be ready to turn up. The price is close
to support (the center</DIV>
<DIV>tine of the long-term fork) AND the short-term momentum is turning (but
hasn't crossed</DIV>
<DIV>the trigger line yet). Will wait and see what the next
bar's action is.</DIV>
<DIV> </DIV>
<DIV> Adam</DIV>
<DIV> </DIV>
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