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<DIV><FONT color=#000000 size=2>RT's:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>For those RTs interested in using continous back-adjusted data
to position trade, see the attached e-mail from tech support at
OmegaResearch. This is an alternative to data vendors that directly
provide back adjusted data for trading. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Jeff Stewart</FONT></DIV>
<DIV><FONT size=2>Atlanta, Georgia</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT
size=2>---------------------------------------------------------------------------------------------------------------------------------------------</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>2/16/99</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Greetings Mr. Stewart, <BR><BR>In regards to your questions on
the Rollover Technique, you will be<BR>able to create adjusted daily continuous
future contracts by creating a new<BR>indicator using the following code with
your Power Editor:<BR><BR>Inputs: Adjust(0),
Trgt("C:\Omega\Roll.TXT");<BR><BR>Var: PS(0),
Txt("");<BR><BR>Txt = NumToStr(PriceScale,0);<BR><BR>PS = StrLen(Txt)
- 1;<BR><BR>If BarNumber = 1
then<BR><BR>Begin<BR><BR>FileDelete(Trgt);<BR><BR>FileAppend(trgt,"Date,Time,Open,High,Low,Close,Volume,OI"+NewLine);<BR><BR>End;<BR><BR>FileAppend(trgt,
NumToStr(date,0) +","+ NumToStr(Time,0)
+","+<BR>NumToStr(Open+Adjust,PS) +","+
NumToStr(High+Adjust,PS) +","+<BR>NumToStr(Low+Adjust,PS)
+","+ NumToStr(Close+Adjust,PS) +","+<BR>NumToStr(Volume,0)
+","+
NumToStr(I,0)+NewLine);<BR><BR>Plot1(Close,"RollO");<BR><BR>When you
apply this indicator to a future contract it will export all the<BR>price data
to an ASCII file with the name specified in the input (Trgt).<BR>Here is what
you will have to do to create a continuous contract:<BR><BR>1. Determine what
day you want to roll over the future contract.<BR>This date can be the first
trading day of the current contract or any other<BR>day you feel would be
appropriate for the roll over. We will call this the D<BR>Date<BR><BR>2. Create
two charts, one with the new symbol formatted so the D<BR>Date is shown on the
chart, and a second chart showing the expired contract<BR>with the D Date as the
last day to be displayed.<BR><BR><BR><BR>- Charts go here - <BR><BR>3. Calculate
the difference between the Open of D Date bar of the<BR>new contract and the
Close of the D Date of the old contract. This value<BR>will be the adjust
amount, do not disregard a negative number if you get<BR>one. In example: In the
chart shown the open of the D Date for the December<BR>contract is 691.90 and
the close of the D Date of the September contract is<BR>684.05, the difference
is 7.85<BR><BR>4. After you calculate this value the indicator created should
be<BR>applied to the chart with the expired contract specifying the path and
file<BR>name as the input Trgt and the adjustment amount as the input Adjust.
Once<BR>you apply the indicator, a file with the file name specified in the
input<BR>Trgt with the adjusted data will be created.<BR><BR>5. What is left is
to go to either your Omega Server or Omega<BR>Downloader and import this ASCII
file into the current contract. In example,<BR>you would apply the indicator to
the September contract of the S&P and<BR>import the resulting ASCII file to
the December contract of the S&P.<BR><BR>You will not be able to create
continuous contracts of intra-day data<BR>because it is not possible to import
ASCII tick data into your server. <BR><BR>Note: The FileAppend command was added
in Build 16 of Trade Station 4. If<BR>you have an earlier version of Trade
Station you will need to use the<BR>PRINT(FILE(...) ...) command instead and you
will not be able to use an<BR>input as the name of the target file.<BR><BR>Thank
you for your continued support. <BR><BR>Regards, <BR><BR>Frank Capel <BR>Omega
Research, Inc. <BR>Technical Support <BR><A
href="mailto:techsupp@xxxxxxxxxxxxxxxxx";>techsupp@xxxxxxxxxxxxxxxxx</A> <<A
href="mailto:techsupp@xxxxxxxxxxxxxxxxx";>mailto:techsupp@xxxxxxxxxxxxxxxxx</A>>
<BR><BR><BR><BR><BR><BR> </FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Feb 21 16:55:35 1999
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Date: Sun, 21 Feb 1999 16:24:31 -0700
Reply-To: eadamy@xxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: MKT S&P Breakout/Breakdown
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Upon examining my 45 minute chart of the March S&P, after Friday's late
sharp reversal and close, I noted the symmetry of the sharp upside reversals
of the opening bar on the 17th and closing bar on the 19th (begin/end of
horizontal blue line). Also the development of a possible head and shoulders
bottom; which if completed, would project back to the contract highs at the
top of the 8 week trading range. An examination of another series of
intraday charts which nets upticks/dnticks on futures suggests that the
persistent distribution of the week may have reversed Friday afternoon. Next
week's action will tell us more, but unless AG's testimony gores the bull, I
would not discount the possibility of a rapid move back to the top of the
trading range. Meanwhile, the March Ru2000 has been building a most
interesting formation which could resolve as a H&S top or as a base for a
strong leg up. Oh yes, and the daily McClellan Oscillator appears to have
completed a rising triple bottom under -100 (2/10, 2/12, 2/17) and broken
above the 2/11 pivot high - suggests this consolidation may be coming to an
end with a strong move to upside.
It's not that I'm a raging bull, I just trade this range up and down, and
will trade the eventual move whichever way it resolves. However I think it's
interesting to examine the opposite of the popular talking head wisdom that
we are due for a nasty correction.
Earl
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, February 19, 1999 7:26 AM
Subject: MKT S&P Breakout/Breakdown
>Those looking for a big breakdown in the S&P might want to take a good look
>at attached weekly chart of futures. We've been in an 80+- point
>consolidation range for about two months now and the market has held the
>range in spite of some bad news including a big spike in rates. We have yet
>to take out the 1210 low w/e Jan 15 much less the 1147 low w/e Dec 18. Note
>also some of the similarities to 1996.
>
>While one should not dismiss the possibility of a breakdown, one should
also
>keep in mind that time in consolidation is a substitute for depth of
>correction. There is a very real possibility of an explosive breakout
>running several hundred S&P points before any truly deep correction occurs.
>The market will tell us which direction it prefers when it is ready.
>
>Earl
>
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