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Re: equity play-AMAT



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Steve: Great answer, I love it!!!! Jim from Ecorse
<p>Steve Karnish wrote:
<blockquote TYPE=CITE><style></style>
<font face="Arial"><font size=-1>List,</font></font>&nbsp;<font face="Arial"><font size=-1>Sarcasm
seems to escape many on the list (I guess it's offensive to anyone who
didn't grow up in Detroit).</font></font>&nbsp;<font face="Arial"><font size=-1>1.&nbsp;
Yes my eod vendor can adjust splits on the chart.&nbsp; The problem is
that the "Amerikan public" has difficulties understanding the price movement
unless you leave the splits in the price charts.&nbsp; I used to get emails
that told me my prices where wrong because:</font></font><font face="Arial"><font size=-1>"AMAT
was trading at 170 a few days ago and you chart is wrong because you don't
have it any higher than 90".</font></font>&nbsp;<font face="Arial"><font size=-1>2.&nbsp;
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).</font></font>&nbsp;<font face="Arial"><font size=-1>3.&nbsp; 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%.&nbsp; Duh, the "gap down opening" humor was just that...humor
(sarcasm).</font></font>&nbsp;<font face="Arial"><font size=-1>4.&nbsp;
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.</font></font>&nbsp;<font face="Arial"><font size=-1>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.&nbsp; 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.</font></font>&nbsp;<font face="Arial"><font size=-1>Actually,
I have a pet monkey and the proverbial dart board.&nbsp;&nbsp; That's my
real secret.&nbsp; Maybe, the subjective reviewers of my positions can
speculate about what type of ape I'm using.</font></font>&nbsp;<font face="Arial"><font size=-1>So,
I've been so busy this morning trading futures, I haven't looked at AMAT.&nbsp;
Did it fill the 80 point gap that it created on the opening yesterday?</font></font>&nbsp;<font face="Arial"><font size=-1>Dripping
with sarcasm and good looks,</font></font>&nbsp;<font face="Arial"><font size=-1>Steve
Karnish</font></font>
<br><font face="Arial"><font size=-1>Cedar Creek Trading</font></font>
<br><font face="Arial"><font size=-1>http://www.cedarcreektrading.com</font></font>
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<div style="FONT: 10pt arial">----- Original Message -----</div>

<div 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><b>From:</b>
sptrader</div>

<div style="FONT: 10pt arial"><b>To:</b> <a href="mailto:kernish@xxxxxxxxxxxx"; title="kernish@xxxxxxxxxxxx">Steve
Karnish</a></div>

<div style="FONT: 10pt arial"><b>Sent:</b> Friday, March 17, 2000 10:42
AM</div>

<div style="FONT: 10pt arial"><b>Subject:</b> Re: equity play-AMAT</div>
&nbsp;<font size=-1>Looks like a stock split- don't you have to adjust
for the split , then re-apply the system ?</font><font size=-1>Steve</font>
<blockquote 
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<div style="FONT: 10pt arial">----- Original Message -----</div>

<div 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><b>From:</b>
<a href="mailto:kernish@xxxxxxxxxxxx"; title="kernish@xxxxxxxxxxxx">Steve
Karnish</a></div>

<div style="FONT: 10pt arial"><b>To:</b> metastock@xxxxxxxxxxxxx
; realtraders@xxxxxxxxxxxxxxx</div>

<div style="FONT: 10pt arial"><b>Sent:</b> Thursday, March 16, 2000 8:45
PM</div>

<div style="FONT: 10pt arial"><b>Subject:</b> equity play-AMAT</div>
&nbsp;<font face="Arial"><font size=-1>List,</font></font>&nbsp;<font face="Arial"><font size=-1>My
mechanical trading approach has been very accurate with AMAT this year.&nbsp;
The attached chart shows the buying signals generated during the past twelve
months.&nbsp; Tomorrow is the first buying signal since early in the year.&nbsp;
The five star rating is my highest buying recommendation and is based on
underlying strength of trend.&nbsp; The buying signal is generated with
a simple momentum oscillator.</font></font>&nbsp;<font face="Arial"><font size=-1>Steve
Karnish</font></font>
<br><font face="Arial"><font size=-1>Cedar Creek Trading</font></font>
<br><font face="Arial"><font size=-1>http://www.cedarcreektrading.com</font></font></blockquote>
</blockquote>
</blockquote>

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From: "Paula" <hotair003@xxxxxxxxxxxxx>
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Subject: Re: [RT] Connors articles
Date: Sun, 19 Mar 2000 17:00:50 -0600
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Status:   

Hi James: The Connors /Raschke book has more strategies and a greater
variety of them but not so much more intraday emphasis. I use the strategies
more because I think they are simple and effective and I get signals for
them all the time.
  Hope this helps.
Paula
----- Original Message -----
From: James Palmer <jamespalmer@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Saturday, March 18, 2000 8:50 PM
Subject: Re: [RT] Connors articles


> Paula,
>
> Thanks for your answer, and you weren't rambling.  If I understood  you
> correctly, you use a volatility and adx screen based on daily bars to
select
> potential candidates  to then watch for good intraday trading patterns
based
> on 5 minute bars?  Sounds like the two books complement each other.  Is
the
> Conners/Raschke better for intraday patterns?
>
> James
>
>
> ----- Original Message -----
> From: Paula <hotair003@xxxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Saturday, March 18, 2000 11:10 AM
> Subject: Re: [RT] Connors articles
>
>
> >
> > Hello:
> > I have not traded his specific strategies consistently over a set period
> of
> > time but have used them in conjunction with his volatilty studies and
all
> > the other stuff I've read to setup the types of stock entries I am
> > comfortable with. I've traded the studies in the Connors/Raschke book
> more.
> >   I look for stocks that are exhibiting several chart patterns in
> > combination with volatilty,ADX  .For me personally the Connors works on
> > volatilty added a depth to what I was looking for.It added alot to my
> > understanding of stock movement,why it was doing that(as far as anyone
can
> > ascertain why) and enabled me to make more sense out of what I was
seeing.
> >  As with many others  I prefer to  trade off 5min bars,watching many
> charts
> > at one time.Interpretation of a stock's movement on any 1 day  in the
> > context of its trend and volatilty postion has been extremely helpful,
for
> > me anyway.
> >   Sorry for the rambling. My articulation today needs some work.
> > Paula
>
>
>