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<DIV><FONT face=Arial size=2>With regard to my last post, all I wanted to convey
was that I posted a straightforward, uncluttered chart show the breakout of
wedge and the 2-bar reversal, which, as I stated, in accordance with my
rationale should lead to lower prices. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Everyone on the list knows that I am a day trader
and that is as far as the post went - a day trade. In the event, what I
said would have been helpful to anyone who followed my timely conclusions,
before the market had opened, and had shorted bonds on Monday.
</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>My post did not call for your elaborate
response. The point I was making, as an answer to it, was that to day
trade does not, in my view, require the sort of complicated process you
seem to go through. Simply reading the price action is very often all that
is needed, as was demonstrated very clearly with this example.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>I appreciate that you are quite entitled to your
views and you do have something to say about many markets and many aspects of
them, and you do an awful lot of posting. However, I believe
you once stated you were not a day trader, and I believe you; so I don't
know why you always want to have something to say about my posts. And now
you are going on to make remarks about Ira's posts. Perhaps you are having
a rather hot summer or something...</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Anyway, perhaps if we agree to disagree, the list
can be left to benefit - without rancour from either of us - from your position
plays on many instruments and from my day trading on just the
one...</FONT></DIV>
<DIV> </DIV>
<DIV>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read
the tape"</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Earl Adamy
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href='mailto:<realtraders@xxxxxxxxxxxxxxx>"List-RealTraders'
title=realtraders@xxxxxxxxxxxxxxx>mailto:<realtraders@xxxxxxxxxxxxxxx>"List-RealTraders</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Cc:</B> <A href="mailto:boggio@xxxxxxxxx";
title=boggio@xxxxxxxxx>Boggio, John</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, July 18, 2000 11:45
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: $1,000 day on the
Bonds...</DIV>
<DIV><BR></DIV>
<DIV>Bill, I am awfully tired of your snide attacks on my postings. If you
have something constructive to share, then share it. If you don't have
anything constructive then exercise self restraint and don't exercise your
need to put someone else down.</DIV>
<DIV> </DIV>
<DIV>Earl</DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:t-bondtrader@xxxxxxxxxxxxx";
title=t-bondtrader@xxxxxxxxxxxxx>T-Bondtrader</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, July 17, 2000 12:12
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] $1,000 day on the
Bonds...</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>
<DIV><FONT face=Arial size=2>If you read the immediate responses on my brief
post, before the market opened, you will see just how complicated
it must be to trade on an analytical and fundamental basis, as a
position player. Just consider the thought and maths that went
into them...!!!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>For me, as a daytrader, I saw the pattern, saw
the 2-bar reversal, checked a few other basic points of support and
resistance, added two and two and, as it were, then read the tape. No
incredible workings out about this or that wave, what the fundamentals were
doing with bonds or elsewhere - simply, on what you could see on the chart,
what was the market pretty likely to be doing today, Monday....</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Well, I have not been sitting in front of the
machine today, or I would be up a big point a contract now and feeling it
was time to pull the plug and pull a pint. As it is my puts are
up by somewhat less because of all the factors that affect options and which
do not affect futures...!!) Still, I have cashed in to make a
free trade, so might as well let them ride for the time
being. But day trading, reading what the chart says it is doing,
has to be, for me, the most profitable way of collecting your daily bread,
without too much risk or fuss...</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Study the attached chart, which was put on the
list before the market opened and you will see that it does not take a
gargantuan brain to imagine what it has done, and that what it has done was
what it was most likely to do... After that it was just a
matter of applying a decent r/r/r and QED!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>As for guessing the outcome of the Report
tomorrow.... as far as I am concerned that is
gambling. Far, far better to let the market tell you, show
you, and then make your move by reading the price action in front of you and
taking it from there...</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV></FONT></DIV>
<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to
read the tape"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial
size=2></FONT> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Tue Jul 18 08:17:29 2000
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From: Jpilleafe@xxxxxxx
Message-ID: <68.58c1b68.26a5cd97@xxxxxxx>
Date: Tue, 18 Jul 2000 11:11:19 EDT
Subject: [RT] Re: Weekly CBOE Put/Call Ratio Derivation....
To: <realtraders@xxxxxxxxxxxxxxx>
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Status:
In a message dated 7/18/00 7:02:55 AM Pacific Daylight Time,
bobrabcd@xxxxxxxxxxxxx writes:
<< When you calculate the weekly ratio is it a summation of 5 days of put
volume divided by 5 days of call volume? >>
Hi Bob,...I am not sure. One would assume this was the case,...so I
experimented and attempted doing this,..BUT COULD NEVER GET MY WEEKLY RATIO
NUMBER TO BE "EXACTLY" THE SAME AS THE CBOE WEEKLY PUT/CALL RATIO REPORTED IN
BARRON'S MARKET LAB SECTION. So I gave up trying to figure this out,..simply
record the value provided in Barron's,..etc. I can tell you there is an
important distinction between the readings at key turns,..for instance the
0.60 level is significant,..wheras the 0.58 or .59 level may be a close "Buy"
signal but no cigar. Same for "Sell" signals,..I wait for 0.37 or
below,..last week's 0.38 reading was just a tad above the "Sell" threshold.
So I value the exact number provided in Barron's and would not feel
comfortable calculating the Weekly CBOE P/C ratio independently. This is
simplistic,..but I hop this answers your question.
And I do feel the Weekly ratio is by far a better indicator for catching
intermediate term swings.
Best Regards, JIM Pilliod jpilleafe@xxxxxxx
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