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<P><FONT SIZE=2>I think that Cramer is generally right about technicians. Cramer has consistently beat the S&P for the last 10 years -- usually by double digits -- this with several hundred million under management.</FONT></P>
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<P><FONT SIZE=2>He wants to have more TA on TheStreet.Com because that is what alot of his customers want. You must or may admit that alot of TA is 20-20 hindsight nonsense. At one point, he was the largest individual options trader on Wallstreet. How many RTs trade more successfully than he does?</FONT></P>
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<P><FONT SIZE=2>One thing that Cramer does that few TA "experts" or any $ manager does, is admit and chronicle his mistakes.</FONT>
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<BR><FONT SIZE=2>I get much more from TheStreet.Com in one week that I have from RT in the last 6 months. It is not a put down of RT -- just the truth.</FONT></P>
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<P><FONT SIZE=2>Tim Proeber</FONT>
<BR><FONT SIZE=2>tproeber@xxxxxxxxxx</FONT>
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</HTML></x-html>From ???@??? Wed Jul 29 10:40:39 1998
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Date: Wed, 29 Jul 1998 12:17:59 EDT
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Subject: Re: MKT - DOW
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In a message dated 98-07-29 10:53:39 EDT, shazlewood@xxxxxxxxxx writes:
<<
Bob:
How do you calculate your support lines and your supertimer indicator?
- Stuart
>>
The support lines are calculated using the simple code at
http://www.winmidas.com.
Basically it is cumulative(price times volume)/cumulative volume. There are
20 chapters of a tutorial on Levine's theory there that explain its use. Some
users of the software have said that the examples on that website are the
exception rather than the rule. Others have found the WM concepts to be
useful. Personally, I have found the the traditional support /resistance
pivots to be more precise on a day to day basis. Also on a longer term basis
the standard channel and moving averages work equally or better since they are
widely used. Attached is something illustrating this.
The Super Timer is Ben's Mkt Health Index which he has posted on RT
previously. It would be best if he reposted it since I don't want to usurp
his credit and provide misinformation.
BobR
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