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<DIV><FONT color=#000000 size=2> The Inside Wall Street
article in the new Omega Reasearch Magazine is titled: Using Multi-Period
Analysis To Isolate Trends. In this article by Donna Kline, she writes
about trend analysis using daily, weekly and monthly charts. She also
shows how to take a daily chart using an Omega program and add weekly bars to it
to see both the daily and weekly trend on the same chart. A new technique to
me.</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><BR> </DIV></FONT>
<DIV><FONT size=2></FONT><FONT color=#000000 size=2>Thoughts from a relative
newbie:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Re: the multiple time frame question
below. Don't know exactly what you may mean by "multiple cycle
time frame analysis, techniques" but here are a few places to
look.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT>
<DIV><FONT size=2>- Cynthia Kase discusses multiple time
frame trading in her book "Trading with the Odds". The
chapter to look at has the word "timeframe" in it. I think
her idea of "scaling up in timeframes" is a terrific one for
transforming day trades to position trades. (Though I haven't actually done
it but only have plans to try it at some point.) I also think her
discussion of timeframes and risk is terrific and a MUST READ for newbies
with small accounts.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV></DIV>
<DIV><FONT size=2>- Alexander Elder has a discussion of
multiple time frames in his book "Trading for a Living." See
the chapter on "Triple Screen."</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>- Robert Krausz has a brief discussion
of multiple time frames in his "Gann Treasure..."
book.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>My recommendation would be to start with Kase and work
down the list. The essential ideas Kase, Elder, and Krausz lay out are
the same albeit they call these ideas different things (e.g., Kase's
"Permission Stochastic" is similar to Elder's "Triple
Screen"). IMO, it's important to focus on the multiple time frame
concepts rather than on the specific indicators they recommend to use for
each time frame. Both Kase and Elder distinguish 3 useful timeframes
for trading</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Key questions:</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>- How many timeframes should be
considered in initiating a trade?</FONT></DIV>
<DIV><FONT size=2>- What is the proportion across the
timeframes that should be used? Is it fixed (as in Elder's
"Factor of Five") or market specific?</FONT> </DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 size=2>Steven Buss</FONT></DIV>
<DIV><FONT color=#000000 size=2>Walnut Creek, CA<BR><A
href="mailto:sbuss@xxxxxxxxxxx";>sbuss@xxxxxxxxxxx</A></FONT></DIV>
<DIV><FONT face=Arial size=2><B></B></FONT> </DIV>
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Peter [ KKD] <<A
href="mailto:derivatives@xxxxxxxxxxxxxx";>derivatives@xxxxxxxxxxxxxx</A>><BR><B>To:
</B>steve <<A
href="mailto:swp@xxxxxxxxxx";>swp@xxxxxxxxxx</A>><BR><B>Date:
</B>Wednesday, November 11, 1998 8:40 AM<BR><B>Subject:
</B>forward<BR><BR> </DIV></FONT>
<DIV>steve</DIV>
<DIV> it seems I cannotpost to the real traders
group..server problems. Cam you post this fo me </DIV>
<DIV>thanks </DIV>
<DIV>Peter</DIV>
<DIV><BR>
<DIV><FONT color=#000000 size=2>G'Day folks</FONT></DIV>
<DIV><FONT color=#000000 size=2> A freind of mine
recommended I look at Walter Bresserts website which focuses on cycles.
Trouble is that neither he nor I can located the damn thing. Anyone have the
URL.</FONT></DIV>
<DIV><FONT color=#000000 size=2> Also any material out
there on multiple cycle time frame analysis, techniques etc. , I'll even
consider ARCH & GARCH techniques, despite them not being totally cyclic
works</FONT></DIV>
<DIV><FONT color=#000000 size=2>Peter <A
href="mailto:derivatives@xxxxxxxxxxxxxx";>derivatives@xxxxxxxxxxxxxx</A>
</FONT></DIV></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed Nov 11 13:59:54 1998
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Message-Id: <01BE0D83.337512E0.gbodnar@xxxxxxxxxxxxxxxx>
Date: Wed, 11 Nov 1998 14:54:35 -0700
Reply-To: "gbodnar@xxxxxxxxxxxxxxxx" <gbodnar@xxxxxxxxxxxxxxxx>
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: gary bodnar <gbodnar@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: RE: Nov.11 1998 Dow Swing chart
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RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
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Hello Folks
The way I was told about the SwingMachine program is that it's more of a
confirming indicator.. It's not a trending indicator....In other word, when
the machine looks back to it's old swings..the machine will try to make
possible projections... It's not predictive or anything like that... It
will only show the projections..
Sometime it will show two or three possible projections but today it had
show many possible movement but at the end of the day, it proved that it
went down...
I as a trader happen to view that a good trader will think that anything
can happen in the market... I may decide to go long... but I must also
think that I can be wrong too.. I like clyde lee's swingmachine becuz it
shows possible different projections every time I run the data through the
machine.. and when I watch the market makes its' move, I can follow by
looking at the swing chart.. The swingmachine is a good Daytrading tool.
If you have a good trending indicator be it a Elliott wave program or
whatever, the swingmachine will probably also help in determining your
decision to make a trade...
Some of you may say that none would sell the Golden Goose... I say this is
the reason why none can sell the Golden Goose is becuz there is no Golden
Goose to begin with...
Finally, I want to express my deepest respect for the author of this
program.. He did not charge me 1500 bucks on the program... His only wish
is for us the traders to contribute something in regard to his program...
He probably could interpret the chart better than I can...
Respectfully Yours
Gary Bodnar
-----Original Message-----
From: Nixon(MLS) [SMTP:mbjp57@xxxxxxxxxxxxxx]
Sent: Wednesday, November 11, 1998 8:01 AM
To: RealTraders Discussion Group
Subject: Re: Nov.11 1998 Dow Swing chart
Gary, could you give some idea as to what this chart is telling us??
Many thanks
Philip
----------
> From: gary bodnar <gbodnar@xxxxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Nov.11 1998 Dow Swing chart
> Date: 11 November 1998 14:17
>
> Hello all
>
> Based on 10 min data from Oct.21 to present...
>
> http://xeno.licensed.com/clyde/forecasts/images/nov11dow.gif
>
>
> Respectfully Yours
> Gary Bodnar
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