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----- Original Message -----
From: Victor Weintraub <victor@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: Monday, June 14, 1999 12:38 AM
Subject: Stock market direction
Very nice site and service. Thanks for the free look.
BTW, there's an "e" in Paine of Paine Webber, (on your short list) although
this may be open to debate !
> It is easily a year or more since I have posted to this group. My view of
> the market is very negative at this point in time. We use a proprietary
set
> of market indicators called the FirstCapital Oscillators. Our Oscillators
> are negative and are confirmed by the weakening A-D line, the expanding
> number of new lows and the relatively light volume. We went negative on
May
> 7. Except for the start of last week when we went to neutral we have been
> negative on the market. The Focused Portfolio in Stock Market Timing is
90%
> short. Our mutual Fund Strategy is in cash or negative funds. FirstCap
> Trader is 100% short. Our market indicators are NOT oversold so we do not
> expect a sustainable bounce type rally. Unless you are secure in your
market
> opinion, prudence dictates at least the sidelines unless you want to go
short.
>
> Everyone is invited to look at the short positions that we have
recommenced
> by looking at our web site. I am open to questions other than the
algorithm
> for the indicators. The URL is http://www.firstcap.com
>
> you can use the user name: june25
>
> password: father
>
> Victor Weintraub
>
>
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