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<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=790262101-11081999>Adam</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=790262101-11081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=790262101-11081999>Our
STS varies from 1 day to 30 or 40 days. It reacts fairly quickly and is
usually able to anticipate major market turns. Our ITS can also
vary. In the past, it has run from as little as 5 days to signaling a buy
on 10/1/98 and not signaling a sell until 6/3/99. It varies also, as you
can see. Our ideal trade is when they're both in agreement. That
sell on 6/3/99 (signal date to trade the next day or at the close that day) did
not have a STS sell. That was followed by an ITS buy signal on 6/14/99 and
has been long ever since (S&P @1298 approximately). The ITS has had
one losing trade (8.50 points) in the last 3 years, but has experienced some
significant drawdowns. That's why we're sticking out this long trade,
hoping that we will either have a little loss or make a few dollars.
:-)</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=790262101-11081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=790262101-11081999>Hopefully, we're testing the low and will see some
recovery before our STS signals a sell.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=790262101-11081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=790262101-11081999>Again,
we feel that any major market move will be signaled when both our STS and
our ITS are in agreement. In that case, we plan on increasing our exposure
and shorting the immediate world. :-) Since we don't have that situation
right now, we feel we're basically still in a bull move
retracement.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=790262101-11081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=790262101-11081999>The
combined STS and ITS has not had a loss in the last few years. The current
trade there is long S&P @ 994 on 10/1/98 and still long today. Now, my
dad had calculated 11,2xx as a potential market high (I believe I did
communicate that to the list a while back or at least to JimG) and stated that
he felt this might hold. We were looking for a retest of that number but
didn't get it. If we blew through the 11,2xx level, our next target was
11,9xx. These are all using the S&P. This picking of targets is
not a science but something we do using Elliot Wave type numbers (they tell me)
and trying to identify points from which to make your calculations. If
we're lucky in picking the right point, then we look like geniuses. In the
last few years, the market has blown through all of our targets, so we look like
idiots, for the most part. That's why we don't use these targets as actual
trading points, but occasionally wish we would have (like this
move).</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=790262101-11081999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=790262101-11081999>Guy</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=790262101-11081999></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> Tuesday, August 10, 1999 4:25 PM<BR><B>To:</B>
metastock@xxxxxxxxxxxxx<BR><B>Subject:</B> Re: S&P 500
chart....<BR><BR></FONT></DIV>
<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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