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Steve:
I was viewing your chart and reading your comments with a big grin.
I enjoyed your post; I just hope the rest of the readers appreciate it too.
It's nice to have a dash of levity posted to the list every now and then.
The only real question now is whether the subject line should contain an "on
topic" or "off topic" memorandum.
Have a nice weekend.
Thanks,
Marshall M. Liu
Nestle USA, Sales Financial Systems
818-549-6269
818-549-6383 (fax)
marshall.liu@xxxxxxxxxxxxx
> -----Original Message-----
> From: Steve Karnish [SMTP:kernish@xxxxxxxxxxxx]
> Sent: Friday, March 17, 2000 11:26 AM
> To: sptrader; metastock@xxxxxxxxxxxxx; realtraders@xxxxxxxxxxxxxxx
> Subject: Re: equity play-AMAT
>
> List,
>
> Sarcasm seems to escape many on the list (I guess it's offensive to anyone
> who didn't grow up in Detroit).
>
> 1. Yes my eod vendor can adjust splits on the chart. The problem is that
> the "Amerikan public" has difficulties understanding the price movement
> unless you leave the splits in the price charts. I used to get emails
> that told me my prices where wrong because:
> "AMAT was trading at 170 a few days ago and you chart is wrong because you
> don't have it any higher than 90".
>
> 2. Internally I do adjust the splits and then apply my mechanical
> indicators (whaddya think I am, dumb and educated in the Detroit Public
> Schools systems...holy moly).
>
> 3. It seems that a number of astute(?) list members think that my signal
> was generated simply because the stock split and suddenly the stock gapped
> down 50%. Duh, the "gap down opening" humor was just that...humor
> (sarcasm).
>
> 4. You cowboys out there that think you know momentum oscillators I'm
> applying to the markets or what rules constitute a buy or sell signal
> should "choke" back your subjective opinions.
>
> I'm more than willing to share trading ideas and exchange formulae (less
> willing lately...too many parasitic leaches), but when folks are calling
> shots to the list about what does or does not constitute a signal for
> me....it makes me giggle. I will continue to "lay it on the table" (as I
> do everyday of my trading career), but before anyone tells the forum that
> the only reason I triggered a trade is because of a split...it might
> behoove you to first totally understand the math behind the positions.
>
> Actually, I have a pet monkey and the proverbial dart board. That's my
> real secret. Maybe, the subjective reviewers of my positions can
> speculate about what type of ape I'm using.
>
> So, I've been so busy this morning trading futures, I haven't looked at
> AMAT. Did it fill the 80 point gap that it created on the opening
> yesterday?
>
> Dripping with sarcasm and good looks,
>
> Steve Karnish
> Cedar Creek Trading
> <http://www.cedarcreektrading.com>
>
> ----- Original Message -----
> From: sptrader <mailto:sptrader@xxxxxxxxxxxxx>
> To: Steve Karnish <mailto:kernish@xxxxxxxxxxxx>
> Sent: Friday, March 17, 2000 10:42 AM
> Subject: Re: equity play-AMAT
>
> Looks like a stock split- don't you have to adjust for the split , then
> re-apply the system ?
> Steve
>
> ----- Original Message -----
> From: Steve Karnish <mailto:kernish@xxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <mailto:metastock@xxxxxxxxxxxxx> ;
> realtraders@xxxxxxxxxxxxxxx <mailto:realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, March 16, 2000 8:45 PM
> Subject: equity play-AMAT
>
> List,
>
> My mechanical trading approach has been very accurate with AMAT this
> year. The attached chart shows the buying signals generated during the
> past twelve months. Tomorrow is the first buying signal since early in
> the year. The five star rating is my highest buying recommendation and is
> based on underlying strength of trend. The buying signal is generated
> with a simple momentum oscillator.
>
> Steve Karnish
> Cedar Creek Trading
> <http://www.cedarcreektrading.com>
>
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