RE: Diamantiferous

["Guy Tann" <grt@xxxxxxxxxxxx>]

Hi Ton

We got an Intermediate Term Buy Signal on Friday, however we don't trade this signal by itself, but wait for a confirming Short Term Buy Signal in order to make our trade.  With regard to being early compared to your system, I've noticed that lately we've experienced significant draw downs before we were able to turn a profit (like the current trade).

Regards,

Guy 
Fax (630) 604-1589

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of A.J. Maas
Sent: Saturday, February 12, 2000 6:48 PM
To: Metastock-List
Subject: Re: Diamantiferous

> What is your support line or target for the S&P500?

Views haven't changed since my last 20000108-mail on this subject.
The accelarator that came with the Oct99-Jan00 UpTrend got sand in its engine.
A for the moment and for VST 'sideways' (see SMA50 moving horizontaly, not shown
in GIF) to possibly a further falling corrective period (see attached GIF) is taking
place, and only a good solid return above 1420 will give also a more solid BUY signal,
eg a resume of the UpTrend.

-the (bullish) Triangle(Rising Wedge) got downbroken
-attempts to return(eg minor pull backs) have (so far) all failed
-the 1/8 Fractal Retracement's 12,5%{1st minor stop on way down} level @ 1408.70
    did not hold and is now strong Resistance
-the spychologicaly rounded 1400 level did not hold {and is now strong Resitance}
-so far the last low was stopped @ 1350, a retest is inevatible, and when done, since
  Price will hip-hop, will form a new Diamond
-a now new small Diamond's fallout (the GIF wrongly mentions still a "breakout")
   calculated support is @ 1345
-another plain rising Trend Support Line support and the slightly older+larger
   Diamond breakout support is @ 1340 {this and or 1323 must hold for a fast resume
   of the UpTrend, since both levels are formewr breakouts}
-the 1/4 Fractal Retracement's 25% support @ 1339.30 {=quite common to retrace
    to this level first, as though Price is looking for Market(read: investors support) Support
    and Price will settle here for a short while, than attempts to return to
    the 1/8 Fractal Retracement's 12,5% formal support/now resitance, and if it will not find
    investors intrest(read: acceptable 'buying' volumes) will plummet to
    the 1/3 Fractal Retracement's 33,3% 'new' support level} 
-RSI indicating a return to former Triangle(Falling Wedge) breakout @ 1323
-RSI is {for the moment} solidly on the negative side of things (eg nearly constant below 50)   
-a Horizontal last (VST uptrend's momentum) Support @ 1300
-the 1/3 Fractal Retracement 33.3% support @ 1293.10 {this will hold}
-and @ 1280 a not so promissing (for a resume of uptrend) last resort Support
-next, and this is assuming only, @ 1250 there is the VLT rising support line(not visable in
    this GIF, so see Jan 8th GIF).

> We're short but are waiting for a buy signal.

If all is right, you will get a signal 4-7 days prior to my system, right ?

Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage  http://home.planet.nl/~anthmaas


----- Original Message -----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: zaterdag 12 februari 2000 10:03
Subject: RE: Diamantiferous


Hi Ton

What is your support line or target for the S&P500?  We're short but are waiting for a buy signal. 

Thanks

Guy