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Re: Bollinger Bands & Formula Monkeys



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<DIV><FONT size=2>This has changed into the most peculiar list in some respects. 
</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>If anyone has the temerity to say that any TA system or 
formula just might be&nbsp;useful in&nbsp;making money, there's a howl of pshaws 
by a mob of skeptics. One wonders what the heck the skeptics are doing with 
Metastock, if not using it to develop formulas and systems.&nbsp;</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>What could they be doing with Metastock? </FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>1. Making colorful tablemats during crafts hour at the group 
home?</FONT></DIV>
<DIV><FONT size=2>2. Staring at charts to relax the mind&nbsp;at the ashram, 
while chanting "I look only at&nbsp;moving averages," "I look only 
at&nbsp;moving averages,"&nbsp;"I look only at moving averages"?</FONT></DIV>
<DIV><FONT size=2>3. Gathering extensive evidence to debunk&nbsp;the reviled 
oscillators on mail lists?</FONT></DIV>
<DIV><FONT size=2>4. Staring at price and volume,&nbsp;cuz all that formula 
stuff don't make no sense, no never mind, and no money?</FONT></DIV>
<DIV><FONT size=2>5. Coloring price bars magenta, purple and blue?</FONT></DIV>
<DIV><FONT size=2>6. Trying to play Metastock CD over and over again in music CD 
player, on the mistaken impression that Achelis is a rock group. </FONT></DIV>
<DIV><FONT size=2>7. Feeding that nasty TA software habit?</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>What, pray tell? Whatchoo doin' with it? If it's something 
clean and wholesome, let us know.&nbsp;Let Metastock know. Maybe it could be 
marketed for other uses. </FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>2. </FONT>----- Original Message ----- </DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A href="mailto:brookelise@xxxxxxxxxxxxxx"; 
  title=brookelise@xxxxxxxxxxxxxx>Brooke</A> </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> Wednesday, August 09, 2000 4:00 
  PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Bollinger Bands &amp; 
  Formula Monkeys</DIV>
  <DIV><BR></DIV>
  <DIV><FONT size=2>iseed:</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT size=2>With the daily interval for AMAT, for example, the Boll. 
  band system was consistently profitable for a period of 2 years. In fact, 
  there wasn't one losing long trade, and that's with no stops. There were two 
  losing short trades, and yet even the short trades as a whole netted a profit. 
  I can think of worse systems. </FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT size=2>Here's the latest entry signal, at the lower B band 
  (yellow). There's a percentage formula for getting in, but it's proprietary, 
  as it were. See that beautiful bounce? That comes from buying at the lower 
  band. Yes indeedy. Don't work was made to work, I guess. </FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><IMG align=baseline alt="" border=0 hspace=0 
  src="cid:03d901c00247$18dacd20$7b148ad1@xxxxxxxx";></DIV>
  <DIV>&nbsp;</DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT size=2>----- Original Message ----- </FONT>
  <DIV><FONT size=2>From: j seed &lt;<A 
  href="mailto:jseed_10@xxxxxxxxxxx";>jseed_10@xxxxxxxxxxx</A>&gt;</FONT></DIV>
  <DIV><FONT size=2>To: &lt;<A 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;</FONT></DIV>
  <DIV><FONT size=2>Sent: Wednesday, August 09, 2000 3:38 PM</FONT></DIV>
  <DIV><FONT size=2>Subject: Re: Bollinger Bands &amp; Formula 
  Monkeys</FONT></DIV></DIV>
  <DIV><BR></DIV><FONT size=2>&gt; Lenny,<BR>&gt; Maybe a picture would prove 
  your point. Could you send a gif of the trades?<BR>&gt; J<BR>&gt; <BR>&gt; 
  &gt;From: ROSOW@xxxxxxx<BR>&gt; 
  &gt;Reply-To: <A 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A><BR>&gt; 
  &gt;To: <A 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A><BR>&gt; 
  &gt;Subject: Re: Bollinger Bands &amp; Formula Monkeys<BR>&gt; &gt;Date: Wed, 
  9 Aug 2000 11:00:26 EDT<BR>&gt; &gt;MIME-Version: 1.0<BR>&gt; &gt;Received: 
  from [204.246.137.2] by hotmail.com (3.2) with ESMTP id <BR>&gt; 
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  Aug 2000 11:00:26 <BR>&gt; &gt;-0400 (EDT)<BR>&gt; &gt;From <A 
  href="mailto:majordom@xxxxxxxxxxxxxxxxxx";>majordom@xxxxxxxxxxxxxxxxxx</A> Wed 
  Aug 09 08:27:58 2000<BR>&gt; &gt;X-Authentication-Warning: listserv.equis.com: 
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  &gt;Precedence: bulk<BR>&gt; &gt;<BR>&gt; &gt;Doug,<BR>&gt; 
  &gt;&nbsp;&nbsp;&nbsp;&nbsp; First of all I witnessed Brooke make those trades 
  using Bollinger <BR>&gt; &gt;Bands<BR>&gt; &gt;in real time. It pays, in more 
  ways then one, to be open minded before <BR>&gt; &gt;making<BR>&gt; &gt;carte 
  blanche statements such as the ones you have made.&nbsp; And second, 
  you<BR>&gt; &gt;need to take a look at yourself in the mirror because it seems 
  you've <BR>&gt; &gt;become<BR>&gt; &gt;a "Formula Monkey" yourself!&nbsp; And 
  I quote "Draw some support/resistance<BR>&gt; &gt;levels, a few trendlines, 
  and an oscillator (i.e. stochastic) for<BR>&gt; 
  &gt;overbought/oversold."&nbsp; What the heck do you think stochastics are 
  derived<BR>&gt; &gt;from?&nbsp; Thin air? By the way, love to see how great 
  Oscillators work in a<BR>&gt; &gt;TRENDING market, you know sell when it 
  crosses 80 while the stock is <BR>&gt; &gt;trending<BR>&gt; &gt;up, yikes!! - 
  Lenny<BR>&gt; &gt;<BR>&gt; &gt;In a message dated 08/09/2000 6:38:42 AM 
  Pacific Daylight Time,<BR>&gt; &gt;<A 
  href="mailto:brookelise@xxxxxxxxxxxxxx";>brookelise@xxxxxxxxxxxxxx</A> 
  writes:<BR>&gt; &gt;<BR>&gt; &gt;&lt;&lt; I made a few bucks trading some tech 
  stocks off the lower B band last <BR>&gt; &gt;week<BR>&gt; &gt;&nbsp; and this 
  week, Doug (for example AMD, AMAT and CSCO). And what's more, <BR>&gt; 
  &gt;the<BR>&gt; &gt;&nbsp; trades were based on a system that makes consistent 
  profits. The signals<BR>&gt; &gt;&nbsp; were plain as day.<BR>&gt; 
  &gt;<BR>&gt; &gt;&nbsp; -- A Formula Monkey<BR>&gt; &gt;<BR>&gt; &gt;<BR>&gt; 
  &gt;<BR>&gt; &gt;<BR>&gt; <BR>&gt; 
  ________________________________________________________________________<BR>&gt; 
  Get Your Private, Free E-mail from MSN Hotmail at <A 
  href="http://www.hotmail.com";>http://www.hotmail.com</A><BR>&gt; 
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