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Phil Lane wrote:
> Still not unsubscribed, in fact my email activity is hitting record levels.
> Several have expressed interest privately - trying to keep the responses to
> a minimum so here's the collected works so far... :-)
> rgds phil
>
> From: <ROSOW@xxxxxxx>
> To: <patterntrader@xxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, July 14, 2000 7:26 AM
> Subject: NASDAQ
>
> > Phil,
> > When you get into a trade such as the NASDAQ how are you setting your
> > targets and exiting. Is it purely mechanical from your pattern based
> > indicators? Thanks in advance - Lenny
> >
>
> >I'm playing for the big runs - those beautiful uptrends that happen several
> >times a year. No target. If the Nasdaq gests back up to it's high there's a
> >chance it could reverse - remains to be seen. I'm on the lookout for
> >"churning" action near a high. Several days of this can lead to a top,
> >especially if the leading stocks start to get whacked. Also some basic
> rules
> >like don't give back more than 50% once you get a substantial profit....
>
> > here's a look at my daily report such as it is. Also some comments I sent
> to
> > another guy regarding what I do and how etc. You might find it
> > interesting...
> >
> > Best rgds
> > Phil
> >
> > Stock Market Indicators:
> > http://www.patterntrader.com/PTindicators/PTindic.htm
> >
> > username: 9458721
> > password: 4679757
> >
>
> > >Hi Mike,
> > > I use the stock index charts to get the timing for both stocks and
> > futures.
> > > They all move together. For example, look at the Nasdaq back on 5/25.
NW: May 25 was a Thurday. Market bottomed on the afternoon of May 24. After the
May 24 close, Uranus went Retrograde and that weekend was the 19 /12 year
Jupiter - Saturn Conjunction.
May 25 was one of two dates, May 8 and May 25, that I highligted in my stock
market analysis
for the May issue of the monthly Astro-Trend. This is on public record, as the
May issue was re-printed in the May 6, 2000 edition of Consensus, National
Futures and Financial Weekly.
You can find Consensus at http://www.consensus-inc.com/
The point of this post is to show how the planetary cycles can be a valuable
tool in forecasting and identifying important changes in trend.
Futuristically,
Norman .
P.S. Please don't try to buy anything from me. This in not a commerical post. It
is intented for educational purposes only Planetary data is publicly available
so you can pursue the planetary approach to the markets on your own without me.
>
> This
> > > is what I live for. A reversal off a multi-day low on an increase in
> > volume.
> > > It happened also in the other major averages, and also in tons if
> > individual
> > > stocks. This was your signal to go out and buy stocks and/or futures,
> it's
> > > all the same!
> > >
> > > This signal usually marks the absolute low but the market doesn't have
> to
> > go
> > > up right away. Sometimes it will spend the next few days re-testing the
> > low.
> > > Notice how the it spent a few days hovering after the 25th before it
> took
> > > off. Sometimes it will even take out the low intraday and then close
> > higher.
> > > But sometimes it takes off and never looks back. I just jump on them,
> and
> > > then grit my teeth in case it pulls back. Wouldn't want to miss one that
> > > takes off. But you have to give it some room - this means trading quite
> a
> > > bit smaller than you would with a daytrade, I think. That's ok, you're
> > going
> > > for the big move! Personally I like the nd futures the best.
> > >
> > > Another excellent signal happened a few days later when the market
> > > followed-through to the upside on an increase in volume. This is
> described
> > > in Wm. O'Neil's book "how to make money in stocks". I got a couple more
> nd
> > > contracts. Rolled them over, then got a couple more over the past few
> > weeks
> > > when we had a mini-lows and key reversals on volume increases on 6/13
> and
> > > 7/6. Now I'm loaded! Expecting a rally back up to the highs where it
> might
> > > possibly fizzle. Watch for days were the volume increases near a high
> but
> > > the price progress is inadequate or reverses down. If this happens
> several
> > > times in a week or two and stocks start getting nailed it could be a
> top.
> > >
> > > Regarding stocks, when you get a signal on the market, you want to look
> > and
> > > see which stocks have held up the best during the correction and are
> > making
> > > new highs. These are the ones that will lead the new trend. Stay away
> from
> > > stuff that hasn't recovered. Beyond that it doesn't matter much.
> > >
> > > Note that these signals only happen several times a year. Of course. How
> > > many days does the market actually hit a bottom or start a new trend?
> Not
> > > too many. But just think how well you could do if you bought futures and
> > > held them for a 3 month rally. Nice going!
> > >
> >
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