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Victor Niederhoffer



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<DIV><EM>Anyone read in the paper that Victor Niederhoffer is suing the CME for 
$100 million because he alleges that the Merc mispriced options?&nbsp; What a 
joke!&nbsp; The guy wrote a ton of S&amp;P puts just before the selloff last 
fall and now wants to blame someone else for the mishap!&nbsp; His track record 
apparently had been great before this but he blew up on Oct. 27 when the Dow 
sunk by 554 points.&nbsp; </EM></DIV>
<DIV>&nbsp;</DIV>
<DIV><EM>Give me a break.&nbsp; Everything I read or hear is that&nbsp; a good 
trader needs to be accountable for his/her actions.&nbsp; Apparently its not the 
case here.</EM></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><EM></EM>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><EM><BR>Gary Kramer<BR>Oak Park, IL</EM></DIV></BODY></HTML>
</x-html>From ???@??? Tue May 18 08:00:58 1999
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Date: Tue, 18 May 1999 14:52:31 +0100
Reply-To: <r.w.stacey@xxxxxxxxx>
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From: "R W Stacey" <r.w.stacey@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: FW: How we trade - I live to trade
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<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000000 face=""><FONT color=#000000 face=""><FONT 
face="Comic Sans MS"><FONT size=2>Hi</FONT></FONT></FONT></FONT><FONT 
size=2><FONT face="Comic Sans MS"></FONT></FONT></DIV>
<DIV><FONT color=#000000 face=""><FONT color=#000000 face=""><FONT 
face="Comic Sans MS"><FONT size=2></FONT></FONT></FONT></FONT><FONT size=2><FONT 
face="Comic Sans MS">&nbsp;</FONT></FONT></DIV>
<DIV><FONT color=#000000 face=""><FONT color=#000000 face=""><FONT 
face="Comic Sans MS"><FONT size=2>Regards</FONT></FONT></FONT></FONT><FONT 
size=2><FONT face="Comic Sans MS"></FONT></FONT></DIV>
<DIV><FONT color=#000000 face="Comic Sans MS" size=2>Ray</FONT></DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
  <DIV class=OutlookMessageHeader><FONT face="Times New Roman" 
  size=2>-----Original Message-----<BR><B>From:</B> Raymond W Stacey 
  [mailto:raystacey@xxxxxxxxx] <BR><B>Sent:</B> 18 May 1999 02:47<BR><B>To:</B> 
  REALTRADERS<BR><B>Subject:</B> How we trade - I live to 
  trade<BR><BR></DIV></FONT>
  <DL>
    <DT><SPAN class=300153013-18051999></SPAN><FONT color=#008080><FONT 
    size=2><FONT face="Comic Sans MS">B<SPAN class=300153013-18051999>ill Eykyn 
    wrote....</SPAN></FONT></FONT></FONT> 
    <DT><SPAN class=300153013-18051999></SPAN><FONT color=#008080><FONT 
    size=2><FONT face="Comic Sans MS">What I would really like to know is 
    exactly how you guys trade, once you<SPAN class=300153013-18051999> 
    </SPAN>have come to your conclusions. As a day trader only, I do find this 
    the<SPAN class=300153013-18051999> </SPAN>interesting part. Do you enter the 
    market on the open? After the opening<SPAN class=300153013-18051999> 
    </SPAN>range? When? Do you have to take the night session into account 
    and<SPAN class=300153013-18051999> </SPAN>could that alter your decision, 
    anyway? As I see it, each bar is basically<SPAN class=300153013-18051999> 
    </SPAN></FONT><FONT face="Comic Sans MS">a day, whereas for me each bar is 
    in minutes.</FONT></FONT></FONT></DT></DL>
  <DIV><FONT size=2><FONT face="Comic Sans MS"><SPAN class=300153013-18051999>As 
  a daytrader on the Bonds my entry and exit points are determined in a manner 
  totally different from my intra-day/short term position trading on 
  currencies.</SPAN><SPAN class=300153013-18051999> The&nbsp;question is 
  interesting to me mainly from a day-trading point of view. Primarily I work 
  mainly with pivots and the use of historical support and resistance levels. 
  Use&nbsp;</SPAN><SPAN class=300153013-18051999>of indicators is</SPAN><SPAN 
  class=300153013-18051999> li</SPAN><SPAN class=300153013-18051999>mited 
  to&nbsp;cursory glances at the 3/10 oscillator and the 5 min 20EM</SPAN><SPAN 
  class=300153013-18051999>A's</SPAN></FONT></FONT></DIV>
  <DIV><FONT face="Comic Sans MS"><SPAN 
  class=300153013-18051999></SPAN></FONT>&nbsp;</DIV>
  <DIV><FONT size=2><FONT face="Comic Sans MS"><SPAN 
  class=300153013-18051999>Lind</SPAN></FONT><FONT face="Comic Sans MS"><SPAN 
  class=300153013-18051999>a Rasche has opened some interesting avenues that I 
  would like to explore but it will take a major revelation to move me into a 
  different approach to my present.</SPAN></FONT></FONT></DIV>
  <DIV><FONT size=2><FONT face="Comic Sans MS"><SPAN 
  class=300153013-18051999></SPAN></FONT></FONT>&nbsp;</DIV>
  <DIV><FONT face="Comic Sans MS"><FONT size=2>Regards</FONT></FONT></DIV>
  <DIV><FONT face="Comic Sans MS" size=2>Ray</FONT></DIV>
  <DIV>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Tue May 18 08:01:02 1999
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From: Ira <ist@xxxxxx>
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You make these statement and there appears to be little or no truth to them.
*****  answers


Lawrence Chan wrote:

> couldn't resistance this temptation to say something :)
>
> It is proven that individual company's P/E ratios, capitalization, etc.
> are not too useful for forecasting the future stock price of a company,
> otherwise, the big brokerages would be in business buy and hold themselves
> as oppose to charging outrageous commission and selling non-standardized
> derivatives ...

******  Each major firm manages several mutual funds and uses this information
in that process.  The commissions are outrages, but the majority of their
income doesn't come from commissions.  If you use these fundamentals first as a
filter then use technicals for timing and measuring the move, you can be very
successful.

>
> for interest rate and inflation - that affect policy change and in turn
> affect long term supply and demand on all securities ...

**** No matter what the interest rate climate, some stocks will go up and
others will go down.  You can make money under any interest rate environment.
You just have to be able to long or short and trade what you see not what you
hear.

>
> so, the borderline of true cause and effect is quite unclear ...
> especially when time price series now are known to be chaotic systems
> already => principle of causation no longer works!

*****I hate to disagree, but time and price are very predictable, I have
traded that way for a long time, very successfully.  Remembers numbers don't
lie, but liars use numbers.

>
>
> -Lawrence Chan
>
> ----------
> > From: GREHERT@xxxxxxx
> >
> > RE: Astrology.     I think the issue here is rational cause and effect.
> We
> > discuss interest rates, inflation, P/E ratios, sentiment, capitalization,
>
> > etc. because these things have an effect on the markets.  What in God's
> name
> > could the location of Uranus have on S&P futures?
> >
> > Best wishes,
> > Jerry Rehert