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Michael Stewart wrote:
>
> Tom,
>
> looks like you might have nailed the low - wonder if you will call the high
> ?
THANK YOU for your kind words, michael, however, my memo was intended
for review ONLY by my son. yes, you are correct the projection made
yesterday for the S and P low for today was indeed 1343.90--- a MERE one
tick less than the ACTUAL low of 1344.00. Also you are correct that the
projected high of 1362.90 which was also made yesterday was a MERE 4
ticks from the ACTUAL high of 1362.50. Obviously, NO ONE is capable of
forecasting the future with success but the odds of someone
statistically predicting a trading day's low within 1 tick and the same
day's high within 4 ticks is not incredible if one has both LUCK and a
few time-tested techniques to support the forecasts. it's amazing that
despite this report's unintentional delivery yesterday to this forum,
some of the members choose to attack the messenger--me. the market did
perform just as described but this was not intended as my recommendation
to the forum members since they were NOT my audience. surprisingly, one
member did respond to a member by the name of Seth to notify him that he
did in fact traded 25 S and Ps based upon the forecast--although it
would have been profitable, i'm sorry to read that since it was
certainly not my intention. I HAVE INCLUDED AT THE CONCLUSION OF THIS
LETTER PROOF OF THE ABOVE MARKET STATEMENTS, NEVERTHELESS, JUST TO
PREVENT THESE SAME INDIVIDUALS FROM TWISTING THE FACTS ONCE AGAIN.
in retrospect, it amazes me how much wasted venom, energy, and diatribe
some of these potentially valuable members of this group exert. a
chronology from the misguided e-mail to my son is reported blow. note
how it involves the same individuals who have usurped control of your
forum to elevate their small statures and large egos.
NOT UNEXPECTEDLY, mark brown was first to attack and smear, not
necessarily the content of mymessage since it was uncertain of its
accuracy, rather he chose to critique my motivation which only i know,
not he. soon afterwards "pete sp broker" was quick to fire off "Dont
start this SHIT again, asshole.....", then a couple of members--chesler
for one--attempted to draw a connection or a diabolical purpose
implicating sam tennis--the creator of ez language--manning stoller--a
quality researcher and individual of high integrity--and me. for what
purpose i dont know. i have never met manning stoller and have only
spoken to him many, many years ago on the telephone. i have read his
articles and am impressed with his market savvy, research experience,
and knowledge. as for sam tennis--i havent spoken to sam in many, many
months but i can tell you one thing he's an exceptional programmer and
individual and certainly no Machiavelli. Each possess qualities many of
this forum's critics could only hope for and something these critics
certainly lack. how could some of these members extrapolate from an
innocent response i sent to manning ulterior motives is beyond me.
nevertheless two members accused me of using the excuse that i
inadvertently sent a response to manning to the group when it was the
message to my son which I admittdly misdirected.
some character by the name of jim paris thought he was a real detective
by proving the routing to manning and the omega users group were done
surreptitiously and simultaneously--i never denied this, or ever would
i, because i intended to do that. he(JIM) ruefully wrote:
Fwd: your mailing list
Resent-Date:
Fri, 9 Apr 1999 08:04:00 -0700
Resent-From:
omega-list@xxxxxxxxxx
Date:
Fri, 9 Apr 1999 11:01:48 EDT
From:
JParris@xxxxxxx
To:
tomdemark@xxxxxxxx
CC:
omega-list@xxxxxxxxx
"Perhaps you do not realize how transparent this tactic is. I am
forwarding it
back to you to give you some perspective. Why do you have to get a nice
guy like Manning involved in your spam schemes? *I am not copying the
whole list on this*. It could give other people ideas and that could
really jam up your already malfunctioning e-mail."
he immediately sent this message to the entire group contradicting what
he wrote. i defy this purported sleuth to prove ulterior motives with
the correspondence I intended for my son. then just to antagonize me he
sends a copy to the group. he certainly doesn't have time for market
research or trading, does he? but he had time for the following
volleys----
Tom
I am sorry. I accidentally *did* copy the list when I forwarded your
e-mail
back to you. I meant to send it to my brother.
Jim
You believe me - don't you ?? *****Unfortunately, jim i do believe you
even though circumstances suggest otherwise.i'll give even you the
benefit of the doubt.
in defense of jim, alan myers had the same anlysis regarding my e-mail
to manning but once again the error was my communication with my son
which no one can dispute.just like jim he claimed my goal was to spam
and sell products--they can't seem to get it that I HAVE ABSOLUTELY
NOTHING TO SELL.
then this individual by the name of phil lane who likes to imply feats
of market greatness takes his swing "Well I had some good trades too,
but I'm not coming on here with a 3 page post to brag about it. Even by
accident. I thought we had gotten rid of the talking heads." Phil,
doesn't understand. whereas he may boast after the fact of his assumed
accomplishments, i did not boast and my work was IN ANTICIPATION of the
next day's trading--something a true trader and technician are trained
to do. my visit was inadevertent and if he transfers his streak of
stubbornness and boasfulness to the markets, the market will certainly
make him humble if it hasn't already by now. i actually wonder whether
he or the others of his ilk even trade or even have time to trade given
their preoccupation with empty banter and accusation.
THINK SENSIBLY for once, would i be crazy enough to intentionally send
something to this group in advance of trading? fortunately the forecast
was in fact correct but i was attacked and ridiculed for other reasons
which are empty. despite what some of your members may say.i am not
selling the members anything and have never sold them anything. in the
past, i was merely an observer of this group, hoping to glean some
market wisdom. that goal is forever undermined by the viciousness of the
few who ridicule poor contributors. thank god my instructors never
humiliated me the way members are on this site.
then there are the apparent "lackeys" who express the same venom as
their presumed heroes but are empty-headed. assuming as i said my notice
to this group was inadvertent, why does neil weintraub fantasize my
intention to incite an intraday trading rebellion within the ranks of
the members...HE WROTE "Tom one chapter does not make a book. The fact
is" staying long this market and not day trading would have the right
thing to do>" Remember it is called Trade Station not investment station
and I believe that Omega does not even trade or have a model
portfolio.You do the public a diservice by promoting day trading, since
89% lose most of their money.Further, your signals are no better than
flipping a coin. Sometimes they work sometimes they don't. Or as the
commercial says,"sometimes you feel like a nut, sometimes you don't."
How do you feel today?** i never promoted day trading, weintraub,
because this e-mail wasn't intended for you and how do you feel. does
attacking me make you feel bigger or better.
obviously, content and substance are not the goals of some of the
purported research geniuses of this site. given the errant message's
prediction of a projected market low today one tick from the actual and
the projected high 4 ticks from the actual. NOT ONE has asked for any
explanation. a true researcher would be inquisitive. my appetite for
this knowledge was so voracious that had it been food i'd be many pounds
heavier. this is a research site. why aren't people asking how and why?
i know why people aren't sharing because of the potential of attack and
ridicule.
I CHALLENGE YOU GUYS TO REDIRECT YOUR EFFORTS TO ACCOMPLISH THE INTENDED
GOALS OF THIS FORUM. MAKE IT AN EDUCATIONAL EXPERIENCE FOR THE NEW
TRADERS AND EXPERIENCED ONES AS WELL. CONTRIBUTE AND MAKE THIS A
VALUABLE SITE. I HAVE A FULL-TIME JOB IN THE INVESTMENT BUSINESS AND
LOVE FOLLOWING THE MARKETS JUST LIKE MOST OF THE MEMBERS OF THIS GROUP.
I WOULD NOTHING MORE THAN TO HAVE A SITE TO SHARE MY EXPERIENCE AND
RESEARCH WITH YOU AS I'M SURE OTHERS WOULD AS WELL. BUT TO BE ATTACKED
AND ACCUSED OF HAVING ULTERIOR MOTIVES DOES NOTHING TO ACCOMPLISH THE
COLLECTIVE GOAL OF EFFECTIVE RESEARCH AND PROFITABLE TRADING. TO BE
FRIGHTENED OF RIDICULE FOR THE SAKE OF A SIMPLE QUESTION IS
UNPRODUCTIVE. OBVIOUSLY, THIS WAS DESIGNED TO BE AN OMEGA SITE BUT
RATHER THAN WREAK HAVOC UPON THEIR PERSONNEL, WHY NOT INVITE THEM TO
PARTICIPATE.
MY MISGUIDED COMMENTS SENT YESTERDAY AFTERNOON WERE:
> >tj, any comments,suggestions, or questions would be appreciated. thanks.
> >
> >4-8-99 Thursday comments for Friday
> >
> >The market is finally making it to my 1363 objective level. Had it been
> >accomplished today, the upside would have likely been revised to
> >1430-1432—another 5.56%.{ACTUAL HIGH TODAY 1362.50}
> >
> >Preliminarily, if the market opens below 1360 tomorrow and then trades
> >above 1362.90, then it would be a sell and I encourage you to get timing
> >down with 1 minute sell.{1 MINUTE "13" CAME AT EXACT HIGH} The market should be up in the morning and itshould be followed by a pullback which will be succeeded by another rally to higher highs just about your lunchtime(12:45-1:45est). .....
> >
> >The differential says higher high tomorrow than today before a lower
> >low.{TODAY'S HIGH WAS IN FACT ABOVE YESTERDAY'S HIGH}.........
> >
> >The stocks which were recommended as breakouts yesterdsay similar to LU
> >last week—JPM, IBM, etc.—all followed through today.
> >
> >MO and DAL fell short of their buy signals by only 1 tick each.
> >
> >Numerous other stocks on the list such as QTRN, AEE, AFFX, KEA gave
> >signals which worked. MU was a buy into weakness and performed only for
> >a short period of time. KEA could be explosive like PER upside—it has
> >the same pattern.
> >
> >The WLA "13" buy has worked well since being confirmed and the entry was
> >postponed preventing opportunity costs.
> >
> >The projected high and low for tomorrow are 1369.70 and 1343.90{ACTUAL LOW 1344.00} and the momentum value is 6.30.
> >Although I have repeatedly warned of a sell signal and presented
numerous upside price objectives along the way... Two months ago, I
calculated a 1362.90{ACTUAL HIGH 1362.50] objective and believed it to
be the ultimate market high. ...........current proposition is certainly
incongruous for a market high tomorrow.> >Consequently, let me give this
scenario as a alternative possibility.> >Tomorrow, provided the S and P
opens below 1360(most definitely 1362.80)> >and then trades above
1362.90, the price objective will have been fulfilled. The fact that the
market had rallied significantly off its lows today implies that this
breakout above 1363.00 is "disqualified".Therefore the market should
fail to close above 1363.00 tomorrow.[FACT}
THIS IS NOT MEANT TO IMPLY THAT THIS FORECAST WAS FOR ANYBODY'S
CONSUMPTION OTHER
THAN MY SON'S. PAST PERFORMANCE IS CERTAINLY NOT INDICATIVE OF FUTURE
RESULTS. THERE IS A RISK OF SUBSTANTIAL LOSS TRADING ANY MARKETS.
> >
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