|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
<META content="MSHTML 5.00.3013.2600" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT face=Arial size=2>Every time I open MSK pro 7.0, I have an error
message saying with a title "Microsoft Outlook": "Either there is no default
mail client or the current mail client cannot fulfill the messaging request.
Please run Microsoft Outlook and set it as the default mail client".
</FONT></DIV>
<DIV><FONT face=Arial size=2>I have Microsoft Office 2000 in my computer(Windows
98 SE) but I don't use Outlook. I use Outlook Express and it is set as my
default email program. If Outlook Express is not my default email program, I
cannot have my emails from Hotmail.</FONT></DIV>
<DIV><FONT face=Arial size=2>Please, if somebody has solved this small problem,
I should be happy to know how I can open MSK without this error
message.</FONT></DIV>
<DIV><FONT face=Arial size=2>Thank you very much.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Jean-Paul Duchesne</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Apr 22 16:30:17 2000
Return-Path: <majordom@xxxxxxxxxxxxxxxxxx>
Received: from listserv.equis.com (listserv.equis.com [204.246.137.2])
by purebytes.com (8.9.3/8.9.3) with ESMTP id QAA00473
for <neal@xxxxxxxxxxxxx>; Sat, 22 Apr 2000 16:24:56 -0700
Received: (from majordom@xxxxxxxxx)
by listserv.equis.com (8.8.7/8.8.7) id RAA06643
for metastock-outgoing; Sat, 22 Apr 2000 17:03:20 -0600
X-Authentication-Warning: listserv.equis.com: majordom set sender to owner-metastock@xxxxxxxxxxxxx using -f
Received: from freeze.metastock.com (freeze.metastock.com [204.246.137.5])
by listserv.equis.com (8.8.7/8.8.7) with ESMTP id RAA06636
for <metastock@xxxxxxxxxxxxxxxxxx>; Sat, 22 Apr 2000 17:03:16 -0600
Received: from cypher.turbonet.com (cypher.turbonet.com [204.188.48.1])
by freeze.metastock.com (8.8.5/8.8.5) with ESMTP id RAA12767
for <metastock@xxxxxxxxxxxxx>; Sat, 22 Apr 2000 17:16:03 -0600 (MDT)
Received: from [204.188.49.28] by cypher.turbonet.com (NTMail 5.00.0010/NT0409.00.9cd4ce09) with ESMTP id iutsfaaa for <metastock@xxxxxxxxxxxxx>; Sat, 22 Apr 2000 16:08:00 -0700
Message-ID: <002b01bfacae$a0d40640$1c31bccc@xxxxxxx>
From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
References: <001601bfaa4f$da950200$786fa8c0@xxxxx> <000e01bfaa67$8b26ea40$c931bccc@xxxxxxx> <001e01bfaacc$9c3da840$d92467d1@xxxxxxx> <004a01bfaaeb$27adc7c0$b431bccc@xxxxxxx> <000701bfac8d$88af0180$74a094d1@xxxxxxx>
Subject: Re: KW0K/KW0N
Date: Sat, 22 Apr 2000 16:00:59 -0700
MIME-Version: 1.0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 7bit
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.00.2314.1300
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2314.1300
Sender: owner-metastock@xxxxxxxxxxxxx
Precedence: bulk
Reply-To: metastock@xxxxxxxxxxxxx
Status:
"We would prefer to buy the wheat and sell the corn once it breaks
back above the 41 cent level and keep risk tight and use an objective of 53
as it is the bottomside of the chart gap left on 2/14/00 to 2/15/00."
Walter,
My whole approach to the markets is one of a contrarian. To me: putting on
the spread at 41 cents (for a big old profit objective of 12 cents) is not
nearly as wonderful as putting it on at 27 cents. What is "keeping the risk
tight"? Buying at 41 and stopping it out at 36 (or putting the stop closer
and assuring a loss)? I'd rather buy at 27 and stop it out under contract
lows.
On another similar subject: how exactly do you (or anyone) use the
information that the funds are long 60,000 contracts of corn? My biggest
victories, during the last three years, have come from taking positions
opposite the funds. When they cover their positions, it can be a whole
bunch of fun. Examine the track record of the funds, over the long term,
and I believe you'll find that it's not very stellar. So, the funds are net
short wheat and net long (a bunch) of corn. Gee, I'm shakin' in my
Sorrel's. Bullish consensus tends to adhere to the principle that when
enough people buy a market and think something is going up, that there is no
one left to get long.
What's going to make this spread widen? The apex of the 22 year sunspot
cycle coming in the next two weeks? The warmest 3 months of weather in
recorded US history (ushering in a severe drought)? Massive wheat purchases
by China? Short covering by the "semi-intelligent" collective of
ex-Turtles? Who knows?
This is just one position in portfolios that are diversified in many
non-correlated markets. As Frank Zappa once wrote:
"I may be totally wrong, but I'm a dancin' fool".
Shuckin', jivin', and dancin' around,
Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com
----- Original Message -----
From: Walter Lake <wlake@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Saturday, April 22, 2000 12:04 PM
Subject: Re: KW0K/KW0N
> Hi Steve
>
> I found this on the Allendale site. Is this what you are referring to ...
> long wheat / short corn spread.
>
> Best regards
>
> Walter
>
> =============
>
> The July Wheat/Corn spread has the wheat at a 29 cent premium to the wheat
> and after 21 consecutive days of closing above trendline support, it
failed
> today. The long term trend of this spread is still down with a life of
> contract high of 86 cents premium the wheat and a life of contract low of
22
> cents. 12 out of 16 years the spread has become narrower from now into
> contract expiration. In 1984 and in 1996 corn was actually worth more than
> wheat. We would prefer to buy the wheat and sell the corn once it breaks
> back above the 41 cent level and keep risk tight and use an objective of
53
> as it is the bottomside of the chart gap left on 2/14/00 to 2/15/00.
>
> ===============
>
>
>
> ----- Original Message -----
> From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Thursday, April 20, 2000 1:09 PM
> Subject: Re: KW0K/KW0N
>
>
> | Walter,
> |
> | I way too much of an idiot to figure out the internal goals of the
> | commercials. I could guess about what "flat price volume" is, but quite
> | frankly it would be pure, dare I say: "speculation".
"Fun-DAH-mental-ly"
> I
> | have the knowledge of a third grader (and some 8 year olds, born into
farm
> | families, probably have a better understanding). I guess this is all
easy
> | to rationalize by saying that all fundamentals end up in the price.
I've
> | traded stocks for years by the "symbols" and couldn't even tell you what
> | many of the companies do to create revenue. Give me the price history
and
> | I'll render an opinion. Over the years, "thinking"
> | has gotten me into a lot of trouble. So, sorry I can't answer your
> | question. You still haven't told me: what do you think of long wheat,
> | short corn. I currently have my largest spread position in twenty five
> | years. Am I going to have to slap Dick Gephardt around to make sure
that
> | China gets favored trade status. I understand that the largest wheat
> | growing area in China is currently at 9% of normal measurable
> precipitation.
> | Any thoughts are welcome.
> |
> | Take care,
> |
> | Steve Karnish
> | Cedar Creek Trading
> | http://www.cedarcreektrading.com
> | ----- Original Message -----
> | From: Walter Lake <wlake@xxxxxxxxx>
> | To: <metastock@xxxxxxxxxxxxx>
> | Sent: Thursday, April 20, 2000 6:30 AM
> | Subject: KW0K/KW0N
> |
> |
> | > Hi Steve
> | >
> | > In the KC wheat markets, I know that most of the spread activity is in
> | > rolling May positions into July.
> |
>
>
|